Baghdad says it will work to pay remaining $629M at beginning of next year.

A destroyed Iraqi tank rests near a series of oil well fires during the Gulf War, Saturday, March 9, 1991 in northern Kuwait. Hundreds of fires continue to burn out of control, casting a pall of toxic smoke over the Emirate and raised health and environmental concerns.
A destroyed Iraqi tank rests near a series of oil well fires during the Gulf War, Saturday, March 9, 1991 in northern Kuwait. Hundreds of fires continue to burn out of control, casting a pall of toxic smoke over the Emirate and raised health and environmental concerns. (AP)

Iraq announced on Monday that it recently paid $490 million in war reparations to Kuwait.

“Iraq paid $490 million in compensation last Tuesday from the amount determined by the UN over the ousted regime’s invasion of Kuwait in the early 1990s,” the Iraqi embassy in Kuwait said in a statement.

“Iraq will work to pay the remaining amount of the compensation [$629 million] at the beginning of 2022,” the statement added.

In 1991, the UN obliged Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others who incurred losses resulting from the Iraqi invasion of Kuwait.

Iraq halted paying compensation in 2014 due to the war against Daesh/ISIS, which controlled a third of the country, but resumed payments in 2018.

Source: AA