UN Security Council Closes File of Iraq's Compensation to Kuwait

The UN Security Council passed a unanimous resolution formally ending the mandate of the UN Commission on Compensation for Damage Resulting from Iraq's Invasion of Kuwait in 1990.

This decision came after Baghdad paid the full sums owed to Kuwait, amounting to $52.4 billion.

The resolution stated that the Security Council "has decided to terminate the commission's mandate" and considers it "accomplished."

The council’s statement added that the council confirms that “the Iraqi government is no longer asked to pay to the fund" managed by the UN commission a percentage of the proceeds from its export sales of oil, petroleum products, and natural gas."

The council confirms that the process of submitting claims to the UN commission has now and finally been completed and that no further claims will be submitted to the committee."

It is worth noting that the commission was established in May 1991 under Resolution No. 692 of the UN Security Council and was responsible for managing the financial compensation owed by Iraq, which deducted 5% of its revenues from sales of oil, petroleum products, and natural gas.