Region | Iraq

Iraq to finish Kuwait war reparations in 2015

Kuwait has received about $30 billion in war reparations

  • AFP
  • Published: 15:50 May 31, 2013
  • Gulf News

Baghdad: Iraq estimates that it will complete reparations payments to neighbouring Kuwait in 2015 for Saddam Hussain’s 1990 invasion, Foreign Minister Hoshyar Zebari said Thursday.

Kuwait has received about $30 billion in war reparations, out of about $41 billion, a figure decided by a United Nations body after Iraqi troops were driven out of Kuwait in 1991 following a seven-month occupation.

Baghdad pays 5% of its oil and gas revenue into a special UN fund that pays the compensation.

“If we continue at this pace, I think that in 2015, after paying all the war compensation, Iraq will be completely removed from Chapter 7,” Zebari said at a news conference in Baghdad.

He was referring to a section of the UN charter which allows for sanctions ranging from economic measures to an arms embargo.

Iraq and Kuwait have in recent months been taking steps to resolve long-standing disagreements, including asking the UN to start repairing border markers and working to reach a settlement on a dispute between the two countries’ state-run airlines.

Gulf News
News Editor's choice
Quick Links

  1. Business

  2. Sport

  3. The latest Entertainment news

  4. The latest Lifestyle stories

  5. Opinion

Gulf Country Finder

  1. The latest news from the UAE

  2. Saudi Arabia

  3. Qatar

  4. Bahrain

  5. Oman

  6. Kuwait

  7. Yemen

Region Country Finder

  1. Syria

  2. Palestinian territories

  3. Jordan

  4. Lebanon

  5. Iran

  6. Iraq

  7. Egypt


  1. United States of America

  2. India

  3. Pakistan

  4. United Kingdom


  1. Gulf

  2. Region

  3. The latest news from around the world