SULAIMANI (ESTA) — Kuwait has received additional reparations of almost $500 million for Iraq’s 1990 invasion, the Iraqi embassy said.
“Iraq on October 26 paid Kuwait $490 million, and it will work to pay off what is left in reparations due for the year of 2022, approximately $629 million,” the embassy said in a statement, according to AFP.
Baghdad has paid around $50 billion in reparations over the last three decades.
Iraqi forces under then-dictator Saddam Hussein invaded oil-rich Kuwait on August 2, 1990, sparking international condemnation.
They occupied the Gulf state for seven months before they were pushed put by a U.S.-led international coalition in the first Gulf War early in 1991.
In 1991, the U.N. obliged Baghdad to compensate individuals, companies and governmental organizations and others who incurred losses resulting from the Iraqi invasion of Kuwait.
Baghdad resumed to pay war reparations to Kuwait in 2018, after it halted the payment in 2014 due to security crisis in Iraq where Islamic State (ISIS) militants took over large areas of the country.
Iraq also asked for an extension for the final $3.8 billion because of its worst fiscal crisis in years during the coronavirus pandemic that brought a collapse in oil prices.
