By JERUSALEM POST STAFFPublished: APRIL 26, 2007 11:34Advertisement
The UN panel overseeing compensation for victims of Iraq's 1990 invasion of Kuwait said Thursday it has paid out a US$280 million (€205 million) installment from Iraqi oil funds to cover claims for losses and damages.
The latest transfer - which consisted of 41 separate payments to governments, international organizations and corporations ranging from US$2 million (€1.5 million) to US$10 million (€7.3 million) - brings the total amount paid in compensation to more than US$22.1 billion (€16.2 billion).
Most of the payments - about US$229.5 million (€168.1 million) - went to 35 claimants in Kuwait, the United Nations Compensation Commission said. Further payments were made to claimants in Bosnia-Herzegovina, Egypt, Saudi Arabia, Turkey and the United States.
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