EuroChem SeveroZapad-2, a Russian subsidiary of Swiss-headquartered fertiliser group EuroChem, has asked an Indian court to seize assets worth $2.2bn belonging to Italian engineering company Maire S.p.A., escalating a multi-jurisdictional dispute over a failed industrial project in Russia.

In a filing with the High Court of Judicature in Mumbai, EuroChem is seeking recognition and enforcement of a November 2025 ruling by the Moscow Arbitration Court. That decision ordered the recovery of more than RUB171bn ($2.2bn) from Maire S.p.A.’s subsidiaries Tecnimont S.p.A. and MT Russia, which were contracted to construct a large ammonia and urea production plant in Kingisepp, near St Petersburg.

The Indian court has scheduled a substantive hearing for January 13, 2026. EuroChem, formerly one of Russia’s largest fertiliser producers, but now based in Switzerland, said that it intends to pursue similar enforcement actions in other jurisdictions where the MAIRE group operates, including BRICS nations, Africa, the Middle East, and countries of the Commonwealth of Independent States.

“The legal proceedings in India represent a logical and consistent step in implementing our legal strategy aimed at ensuring enforcement of Russian court decisions in jurisdictions where the MAIRE group conducts its operations,” EuroChem said in a statement emailed to bne IntelliNews.

Assets targeted in India include 100% of shares in Maire’s Indian subsidiary Tecnimont Private Limited, receivables from the parent company totalling approximately €23mn, claims under a long-term loan exceeding €18.7mn, and cash held in Indian banks. EuroChem is also seeking to intercept payments related to major engineering, procurement and construction contracts between Tecnimont and Indian state-owned companies such as Indian Oil Corporation Limited.

The dispute stems from Tecnimont’s withdrawal from the Kingisepp project in May 2022, citing the imposition of EU sanctions against Russia following its full-scale invasion of Ukraine. EuroChem, however, argues that the exit was unjustified and strategically timed, alleging that only 25% of the construction had been completed by the time of withdrawal, well behind the contractual schedule.

While the case is complicated by parallel proceedings in London arbitration, where Tecnimont initiated claims under ICC rules, the Russian courts have continued to assert jurisdiction. In December, the St Petersburg Arbitration Court threatened Maire’s subsidiaries with fines exceeding $1bn for failing to halt the arbitration process abroad.

A recent Business Matters investigation raised concerns about MAIRE’s public disclosures to shareholders regarding the scale of the legal and financial exposure, noting that the Italian group had made minimal reference to the Russian court proceedings in its financial statements. The article questioned whether MAIRE had adequately informed investors of the risks tied to the Kingisepp dispute and the potential impact on its global operations.

Maire S.p.A. has yet to comment publicly on the enforcement proceedings in India.