GENEVA, Switzerland, Kuwait announced Wednesday, desire and readiness to start consultations with Iraq, over the reparation of the remaining compensations of Iraq’s 1990 invasion of Kuwait, estimated at USD 4.6 billion.

Addressing the 81st session of the UN Compensation Commission (UNCC), Chairman of the Public Authority for Assessment of Compensation (PAAC), Khaled Al-Mudhaf, said that, Kuwait is ready to discuss the issue with Iraq under the aegis of the UNCC.

Mudhaf stressed Kuwait’s readiness to offer technical support to Iraq, through the UNCC, regarding claims submitted to the Iraqi judiciary, to help close this dossier once and for all.

He pointed out that Kuwait has previously agreed on two requests from Iraq, to postpone the payment of the remaining compensations till Jan, 2018, with no effect whatsoever on the UNCC resolutions, as it was clarified in the official letter, sent by Kuwait’s First Deputy Prime Minister and Foreign Minister, Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, to Iraqi Foreign Minister, Ibrahim Al-Jaafari.

He expressed appreciation of the role played by the UNCC and its activities, to coordinate between both sides.

The UNCC is a subsidiary organ of the United Nations Security Council. It was established in accordance with Security Council resolutions 687 (1991) and 692 (1991), to process claims and pay compensation for direct losses and damages suffered by individuals, corporations, Governments and international organisations, as a direct result of Iraq’s unlawful invasion and occupation of Kuwait (Aug 2, 1990 to Mar 2, 1991).

Source: Nam News Network