Iraq requests one-year deferral on Gulf War reparations
Kuwait and major powers on the ruling body of the U.N. Compensation Commission will consider the formal request
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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