The compensation resulting from Iraqs invasion of Kuwait amounted to 177 billion dollars
The Iraqi invasion of Kuwait, 2 August 1990, caused great financial losses to both sides, in addition to the destruction of many infrastructures, communications systems and oil fields.
- The value of compensation resulting from the Iraqi invasion of Kuwait amounted to about 177.6 billion dollars, of which the United Nations approved 37.2 billion dollars for Kuwait.
- The coalition forces for the liberation of Kuwait were led by the United States.
Arab countries: Egypt, Morocco, Oman, Qatar, Saudi Arabia, Emirates, Syria, Bahrain, Kuwait.
European countries: Britain, France, Germany, Greece, Italy, Netherlands, New Zealand, Portugal, Poland, Czechoslovakia, Norway, Denmark, Spain, Belgium,
Asian countries: Turkey, Pakistan, Japan, South Korea, Bangladesh
African countries: Niger, Senegal
In addition to the countries of Argentina, Canada and Australia.
- Financial losses to the Arab economy amounted to about 620 billion, and Iraq and Kuwait come at the forefront of those affected.
- The invasion caused the deaths of 570 Kuwaitis, about 605 prisoners and missing persons, and resulted in huge losses and damages represented in igniting 752 oil wells, which produced severe environmental disasters and stopped the production of oil for a long time.
- The biggest losses were from Iraq’s share.
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- During the 40 days of the war, Iraq was bombed with more than one hundred thousand tons of explosives, including hundreds of tons of depleted uranium munitions. The bombing caused more than 80,000 martyrs in the Iraqi army (compared to 505 coalition forces, 472 of them Americans), Nearly 300,000 soldiers were wounded, and 30,000 others were captured.
Iraq lost 4,000 tanks, 3,100 artillery pieces, 240 aircraft (144 aircraft were deposited prior to the outbreak of war in Iran, Jordan, and Tunisia), 1,856 vehicles to transport forces, and its air defenses, communications centers, missile launch bases, military research centers, and warships in the Gulf were destroyed.
- Aerial bombardment destroyed Iraqi infrastructure facilities such as schools, institutes and universities, telecommunications and radio and television broadcasting centers, oil and port refining and distribution facilities, bridges and railways, power plants and water purification plants.
- The number of government installations that totally destroyed 8230 facilities, and those that were partially damaged more than 2000, in addition to the destruction or damage of more than 20 thousand residential and commercial units.
- The International Security Council froze large amounts of Iraqi funds in international banks to pay compensation to those affected by the invasion (about a hundred countries and international organizations, especially Kuwait).
- The most devastating effects of the war on Iraq were manifested in the repercussions of the blockade imposed on it by a set of resolutions issued by the UN Security Council that turned the sanctions regime into a comprehensive and severe siege that lasted for more than 12 years.
- The results of the embargo were the decrease in the gross financial product in Iraq to no more than a third of the level reached before 1991, the destruction of economic and industrial infrastructure of Iraq by the ongoing American-British bombing even after the end of the war, and the death of more than a million Iraqi children under the age of five as a result Malnutrition and poor health services. Source