UN Compensation Commission on Iraq makes new payment to victims
Iraq-UN, Politics, 4/23/1999
The United Nations Compensation Commission yesterday made a total of $101,967,360.03 available from a 30% share of Iraqi petroleum revenues to parties suffering losses due to the 1990 Iraqi invasion of Kuwait.
The Compensation Commission allocated $32.3 million for category A recipients -- those who departed from Kuwait or Iraq. The funds, to be divided among 12,932 successful claimants, were made available to 40 governments and three international organizations for distribution.
An additional $69.6 million was made available for 58 Governments and three international organizations to distribute among 28,102 category C claimants -- those who suffered individual losses of up to $100,000.
Overall compensation paid out by the commission currently stands at $2,831,080,687.95. Payments are made when sufficient funds have accumulated from Iraqi petroleum sales.
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