UN commission finalizes reparations for victims of 1990 Iraqi invasion of Kuwait Holly Manges Jones at 8:59 PM ET
[JURIST] The UN Compensation Committee [official website] approved the final claims [press release] from victims of the 1990 Iraqi invasion of Kuwait [BBC backgrounder] Thursday, bringing the total award payments to $52.5 billion. The panel, which consists of the fifteen permanent members of the UN Security Council [official website], made awards Thursday to the governments of Saudi Arabia, Kuwait, Iran, and Jordan totaling over $366 million. The commission has processed more than 2.68 million claims over the past twelve years, which were funded by five percent of Iraq's oil sales. The claims processing goal of the committee is finished, but the panel will continue to make payments in the amount of $200 million every three months. Individuals receive payments first over oil companies, which will be paid last. AP has more.
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