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Nitrogen+Syngas 399 Jan-Feb 2026

27 January 2026

Tecnimont wins damages against EuroChem

UNITED KINGDOM

Tecnimont wins damages against EuroChem

Maire Group says that, in relation to its ongoing dispute with Russian EuroChem Group, its subsidiary Tecnimont has obtained immediately enforceable orders for conservatory measures to freeze assets of EuroChem Group for an amount of approximately €1.1 billion. These measures are based on the leave granted to Tecnimont by the ICC Arbitral Tribunal seated in London, to seize EuroChem’s assets in every country, totalling €1.1 billion. Further seizure requests are underway in several jurisdictions. The Arbitral Tribunal has also found that Tecnimont is entitled to apply to judicial authorities to obtain asset freeze measures against EuroChem Group’s assets worldwide, by way of security for the further potential damages caused by EuroChem Group’s recent unlawful legal actions undertaken in Russia.

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