UN panel pays out another $1.3bn for Kuwait invasion victims January 24, 2013 - 14:17 AMT PanARMENIAN.Net - The UN panel that settles claims for damages from victims of Iraq's 1990 invasion of Kuwait has paid out another $1.3 billion — bringing the total so far to $40.1 billion. The UN Compensation Commission did not disclose the identities of the claimants on Thursday, Jan 24, but said the money goes toward settling two claims for damages to Kuwait's oil fields, as well as production and sales losses. The Geneva-based commission was established by the UN Security Council in 1991 and is funded by a 5 percent tax on the export of Iraqi oil. It has approved $52.4 billion in total compensation to more than 100 governments and international organizations, and makes payments every three months. Partner news  Top stories The deal is estimated at $700mln-$1bln, Vedomosti newspaper reported citing sources in the Russian defense industry. Ahmadinejad will be replaced by Hassan Rowhani as president on August 3 following presidential elections last week. Petr Necas' decision will end his three-party coalition government, which was created after the 2010 parliamentary election. "Are these the people you want to support? Are they the ones you want to supply with weapons?” the Russian President said.   Partner news |  Latest news Ryan Gosling crime drama “Only God Forgives” wins Sydney Film Prize  The violent film, which also stars Kristin Scott Thomas, has divided critics since its debut at the Cannes Film Festival last month.David Thewlis joins Edgar Allen Poe story-based “Eliza Graves” The thriller follows a young doctor who comes to apprentice at a mental institution and meets a beautiful patient that he falls in love with.Lionsgate nabs screen rights to “Devil In The Grove” Pulitzer winner Adam Cooper & Bill Collage, whose Moses script Exodus will be the next film that Ridley Scott will direct, will write the script.IMF calls for “ambitious” economic policy reforms in Russia The International Monetary Fund has cut its forecast for Russia’s GDP growth in 2014 to 3.25 percent from 3.8 percent. |
