“These compensations are paid every three months from the Iraqi Development Fund’s budget, according to the U.N. Chapter VII,” Ali al-Dabbagh told Aswat al-Iraq news agency.
The payment brings the total sum of compensation paid to Kuwait to 30 billion dollars. A further 22.3 billion dollars is due to Kuwait.
Following the 1991 invasion of Kuwait, Iraq is required to put five percent of its oil and gas revenues into the UN reparations fund.