Iraq/Kuwait: Iraq Seeks Delay in $4.6 Bln Reparation to Kuwait Amid Oil Price Crash

Dec 13, 2014 | Sputnik
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Ekaterina Blinova — Seriously affected by sliding oil prices and the war with the Islamic State, Iraq is asking Kuwait for a postponement in its $4.6 billion payment of reparations for the 1990-91 occupation of Kuwait.

"We have been really committed to paying this on time up until now. We are in discussions with the Kuwaitis, trying to defer the payment for two years or at least a year, to allow some space… to present a realistic budget," said Finance Minister Hoshiyar Zebari in an interview with Reuters.