Germany agrees to compensate Nazi victims
Germany has agreed to provide restitution payments to an additional 80,000 Holocaust survivors living in the former Soviet Union.
The agreement, which was reached earlier this week in negotiations between German officials and Claims Conference representatives, is likely to result in additional payments of approximately $300 million. Most of the money will go to Nazi victims in the former Soviet Union who have never before qualified for pensions or payments from German restitution money.
Most of the money will come from the Hardship Fund, which grants one-time payouts of 2,556 euro to Jews who fled the Nazis as they swept eastward through Europe.
All survivors will now receive the equivalent of approximately €300 per month.
The Chairman of the Claims Conference said the group has been working for decades to obtain restitution for Holocaust victims who remained in the former Soviet Union.
