On December 18, 2014, the Governing Council of the United Nations Compensation Commission—which was established “to process claims and pay compensation for losses and damage suffered as a direct result of Iraq’s unlawful invasion and occupation of Kuwait in 1990-91”—decided to postpone Iraq’s required payment into the Kuwaiti compensation fund.  According to the press release, the Governing Council, “[n]oting the extraordinarily difficult security circumstances in Iraq and the unusual budgetary challenges associated with confronting this issue, the Governing Council adopted decision 272 (2014). The decision postpones Iraq's obligation to deposit five per cent of oil proceeds and five percent of the value of any non-monetary payments to service providers into the Compensation Fund.”  The decision also states “that payments of compensation towards the outstanding award will resume in 2016.”