Qatar Bank Asks U.S. Court to Order Eritrea to Pay $300 Million Debt
- Doha-based lender is seeking payment of about $300 million
- Amount being claimed is more than 10% of Eritrea’s GDP
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Qatar National Bank QPSC, the Middle East’s biggest lender, asked a U.S. court to order Eritrea to pay nearly $300 million of debt after the Horn of Africa nation refused to participate in two lawsuits.
The Doha-based bank requested a judgment by default from a federal court in Washington on Friday after Eritrea failed to respond to the bank’s claim seeking to enforce a U.K. ruling in 2019. QNB alleges that President Isaias Afwerki’s government went to drastic lengths to avoid being served with key documents.