War Reparations Reprieve Confirmed

By John Lee.

The U.N. Compensation Commission (UNCC) agreed on Thursday to allow Iraq to postpone its final payment of reparations to Kuwait for the Gulf War.

Iraq will have until January 2016 to begin paying the remaining $4.6 billion (5.4 trillion Iraqi dinars) that it owes for the destruction of oil fields during its invasion and occupation in 1990-91.

The UNCC said it noted "the extraordinarily difficult security circumstances in Iraq and the unusual budgetary challenges", and welcomed Kuwait's support for Iraq's request.

(Source: Reuters)

(Picture: Kuwaiti oil fires, Desert Storm, 1991)