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Finance Minister: We seek to postpone the final payment of compensation Kuwait
Alsumaria News / Baghdad
Finance Minister Hoshyar Zebari , on Friday, as the pursuit of Iraq to postpone the final payment of compensation Kuwait , amounting to $ 4.6 billion, on the back of liquidity crisis faced due to lower oil prices and the war with " Daash , "while a senior official in the stressed Compensation Commission that any change in date Compensation requires the approval of the Compensation Committee in the Security Council International.
Zebari said in a statement, "reported Reuters , "and seen by" Alsumaria News "," Iraq is seeking to postpone the final installment of Kuwait, amounting to $ 4.6 billion in compensation for Iraq's invasion of Kuwait in 1990-1991, "at the time, who faces in Iraq liquidity crisis due to low Oil prices and the war with the terrorist organization Daash.
> Zebari discuss with the Ambassador of Kuwait Iraq's international obligations and the issue of compensation
> The United Nations paid $ 1.3 billion in additional compensation to Kuwait for the Iraqi occupation
Zebari said, "We are so far committed to pay on time, and have discussions with Kuwaiti in an attempt to defer payments for two years or one year at least to give us some time and make a realistic budget."
In the same context, a senior official in the Commission of the United Nations Compensation Commission, said that he "has not been a decision yet in this regard," explaining that "any change in the date of the compensation requires the approval of the Compensation Committee, which consists of 15 members of the members of the UN Security Council." .
He continued, "We will listen to the Governing Council which will consider the issue in a special session next week, which is tentatively scheduled to begin in the next 18 December in Geneva."
There was no immediate comment from the Kuwaiti officials so far.
Iraq had to pay nearly $ 52.4 billion to Kuwait through an annual allocation to the Compensation Fund of 5% of Iraqi crude oil exports to the United Nations .
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Alsumaria News / Baghdad
Finance Minister Hoshyar Zebari , on Friday, as the pursuit of Iraq to postpone the final payment of compensation Kuwait , amounting to $ 4.6 billion, on the back of liquidity crisis faced due to lower oil prices and the war with " Daash , "while a senior official in the stressed Compensation Commission that any change in date Compensation requires the approval of the Compensation Committee in the Security Council International.
Zebari said in a statement, "reported Reuters , "and seen by" Alsumaria News "," Iraq is seeking to postpone the final installment of Kuwait, amounting to $ 4.6 billion in compensation for Iraq's invasion of Kuwait in 1990-1991, "at the time, who faces in Iraq liquidity crisis due to low Oil prices and the war with the terrorist organization Daash.
> Zebari discuss with the Ambassador of Kuwait Iraq's international obligations and the issue of compensation
> The United Nations paid $ 1.3 billion in additional compensation to Kuwait for the Iraqi occupation
Zebari said, "We are so far committed to pay on time, and have discussions with Kuwaiti in an attempt to defer payments for two years or one year at least to give us some time and make a realistic budget."
In the same context, a senior official in the Commission of the United Nations Compensation Commission, said that he "has not been a decision yet in this regard," explaining that "any change in the date of the compensation requires the approval of the Compensation Committee, which consists of 15 members of the members of the UN Security Council." .
He continued, "We will listen to the Governing Council which will consider the issue in a special session next week, which is tentatively scheduled to begin in the next 18 December in Geneva."
There was no immediate comment from the Kuwaiti officials so far.
Iraq had to pay nearly $ 52.4 billion to Kuwait through an annual allocation to the Compensation Fund of 5% of Iraqi crude oil exports to the United Nations .
[You must be registered and logged in to see this link.]
