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Iraq requests one-year deferral on Gulf War reparations
GENEVA, Dec 17 ( Reuters ) - Iraq, reeling from low oil prices and war with Islamic State, has requested a one-year deferral of a $4.6 billion reparations payment for destroying Kuwait's oil facilities during its 1990-91 occupation, a U.N. official said on Wednesday.
Kuwait and major powers on the ruling body of the U.N. Compensation Commission will consider the formal request at a special session in Geneva on Thursday.
"We have a request for a one-year suspension of the requirement to deposit 5 percent of Iraqi oil revenues into the compensation fund," the official told Reuters .
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GENEVA, Dec 17 ( Reuters ) - Iraq, reeling from low oil prices and war with Islamic State, has requested a one-year deferral of a $4.6 billion reparations payment for destroying Kuwait's oil facilities during its 1990-91 occupation, a U.N. official said on Wednesday.
Kuwait and major powers on the ruling body of the U.N. Compensation Commission will consider the formal request at a special session in Geneva on Thursday.
"We have a request for a one-year suspension of the requirement to deposit 5 percent of Iraqi oil revenues into the compensation fund," the official told Reuters .
[You must be registered and logged in to see this link.]
