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Kuwait agrees to postpone the receipt of $ 4.6 billion of Iraq until 2017
10/28/15
BAGHDAD / Sky Press: Chairman of the Public Authority for Assessment of Compensation Management announced Damages Resulting from Iraqi Aggression Khaled Al-Mudhaf Wednesday, Kuwait agree to the Iraqi request to postpone the remaining amount of compensation of $ 4.6 billion to January 2017.
He Almudaf in his speech to the eightieth session of the Governing Council of the United Nations Compensation «The management of this approval comes in the context of Kuwait's sympathy and understanding of the situation in Iraq».
He explained that «First Deputy Prime Minister and Foreign Minister of Kuwait Sheikh Sabah Al-Khalid had received a letter on the second of July of this year from his Iraqi counterpart, Dr. Ibrahim al-Jaafari request to postpone the payment of the remaining amount and an additional year until 2017».
Almudaf He pointed out that «the Iraqi demand has been supported by the Kuwaiti government in solidarity with the Government and people of Iraq, without prejudice to the decisions of the Security Council».
He said that this postponement is the second approved by Kuwait after it agreed in June this year to seek a preliminary Iraqis to postpone the payment of the remaining amounts to 2016.
He also stressed «Kuwait's readiness to provide assistance to Iraq under the auspices of the United Nations Compensation Commission in respect of claims against the Iraqi courts» saying «Kuwait's desire to address this issue and close it once and for all».
Mudhaf said before the committee that «the Kuwaiti government have been paid on the fourth of June this year to $ 520248230 related to the full amount of your payments and excess covered within the decisions of the Board of Directors in accordance with the second paragraph of the scheduled 252».
Almudaf praised «the efforts of the Secretariat of the Board of Directors and the Compensation Commission in maintaining regular and ongoing contacts with the Public Authority for Assessment of Compensation for compensation losses from Iraqi Aggression.»
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10/28/15
BAGHDAD / Sky Press: Chairman of the Public Authority for Assessment of Compensation Management announced Damages Resulting from Iraqi Aggression Khaled Al-Mudhaf Wednesday, Kuwait agree to the Iraqi request to postpone the remaining amount of compensation of $ 4.6 billion to January 2017.
He Almudaf in his speech to the eightieth session of the Governing Council of the United Nations Compensation «The management of this approval comes in the context of Kuwait's sympathy and understanding of the situation in Iraq».
He explained that «First Deputy Prime Minister and Foreign Minister of Kuwait Sheikh Sabah Al-Khalid had received a letter on the second of July of this year from his Iraqi counterpart, Dr. Ibrahim al-Jaafari request to postpone the payment of the remaining amount and an additional year until 2017».
Almudaf He pointed out that «the Iraqi demand has been supported by the Kuwaiti government in solidarity with the Government and people of Iraq, without prejudice to the decisions of the Security Council».
He said that this postponement is the second approved by Kuwait after it agreed in June this year to seek a preliminary Iraqis to postpone the payment of the remaining amounts to 2016.
He also stressed «Kuwait's readiness to provide assistance to Iraq under the auspices of the United Nations Compensation Commission in respect of claims against the Iraqi courts» saying «Kuwait's desire to address this issue and close it once and for all».
Mudhaf said before the committee that «the Kuwaiti government have been paid on the fourth of June this year to $ 520248230 related to the full amount of your payments and excess covered within the decisions of the Board of Directors in accordance with the second paragraph of the scheduled 252».
Almudaf praised «the efforts of the Secretariat of the Board of Directors and the Compensation Commission in maintaining regular and ongoing contacts with the Public Authority for Assessment of Compensation for compensation losses from Iraqi Aggression.»
[You must be registered and logged in to see this link.]
