The United Nations panel set up to process claims and pay compensation for losses and damage suffered as a result of Iraq's invasion and occupation of Kuwait in 1990-1991 today approved awards of more than $2.27 billion, bringing the total awarded so far to $46.3 billion.
Of this amount some $17.6 billion has been made available to governments and international organizations for distribution to successful claimants of all categories.
More than $150 billion in claims have been filed with the panel, the UN Compensation Commission (UNCC), which decided to hold its next session from 16 to18 September. http://www.unog.ch/uncc/start.htm
Money for the awards comes from the UN Compensation Fund, which received up to 30 per cent of the revenue generated by Iraqi oil exports under the UN's Oil-for-Food programme, which allowed the former sanctions-bound regime to sell oil for humanitarian supplies. That programme will be phased out by 21 November.
UN News Centre: http://www.un.org/News/
The U.N.OBSERVER & International Report prepared an introductory summary of Gulf War profiteering via the United Nations. We hope you find it useful. http://www.unobserver.com/index.php?pagina=layout5.php&id=313&blz=1
Of this amount some $17.6 billion has been made available to governments and international organizations for distribution to successful claimants of all categories.
More than $150 billion in claims have been filed with the panel, the UN Compensation Commission (UNCC), which decided to hold its next session from 16 to18 September. http://www.unog.ch/uncc/start.htm
Money for the awards comes from the UN Compensation Fund, which received up to 30 per cent of the revenue generated by Iraqi oil exports under the UN's Oil-for-Food programme, which allowed the former sanctions-bound regime to sell oil for humanitarian supplies. That programme will be phased out by 21 November.
UN News Centre: http://www.un.org/News/
The U.N.OBSERVER & International Report prepared an introductory summary of Gulf War profiteering via the United Nations. We hope you find it useful. http://www.unobserver.com/index.php?pagina=layout5.php&id=313&blz=1