Controversy at the Intersection of Legal Systems: Societe Generale Bank Appeals Ban on Claims Against ECSZ-2 The foreign organization filed a cease-fire appeal against the decision of the Arbitration Court of St. Petersburg and the Leningrad Region. Key stages of the dispute: in 2020, EuroChem North-West-2 (EKHZ-2, part of EuroChem) signed contracts for the construction of a plant in Kinges with the Italian Tecnimont and the Russian "daughter" MT Russia. In order to secure the obligations, Societe Generale Bank and ING issued independent guarantees worth more than 280 million euros; In 2022, contractors pledged their work, imposing sanctions on the European Union. The contracts were later terminated. EuroChem demanded payment of guarantees, but the banks refused. They were afraid to violate the current restrictions, as the founder of Eurocom, Andrey Malenchenko, was under EU sanctions; And later EHSZ-2 filed a lawsuit. In October 2026, the court prohibited Societe Generale and Bank from further proceedings in foreign courts over the dispute. For the violation of the prohibition to impose a penalty: 100 million euros for Societe Generale and approximately 75.3 million euros for ING Bank in favor of the company. The banks did not agree with the decision. In particular, Société Générale just filed a petition to challenge it. ←️ In fact, at the center of the conflict there is a conflict between two legal approaches: the right of the Russian side to transfer the dispute to national jurisdiction due to sanctions risks and the right of foreign banks to fulfill their obligations without violating foreign restrictive measures. Hearings have not yet been scheduled, but once the date is on the files, it's clear how quickly the situation will move. The outcome of the escalation is important for both parties, including ING Bank, which is now in a similar situation. In November 2025, the Court of Justice of the European Union confirmed that the Eurocom Group itself was not subject to sanctions against Malenchenko. Lawyers called it a significant legal landmark for the company's European counterparts. Hyperrom on Telegram at MAX.

Controversy at the Intersection of Legal Systems: Societe Generale Bank Appeals Ban on Claims Against ECSZ-2 The foreign organization filed a cease-fire appeal against the decision of the Arbitration Court of St. Petersburg and the Leningrad Region. Key stages of the dispute: in 2020, EuroChem North-West-2 (EKHZ-2, part of EuroChem) signed contracts for the construction of a plant in Kinges with the Italian Tecnimont and the Russian "daughter" MT Russia. In order to secure the obligations, Societe Generale Bank and ING issued independent guarantees worth more than 280 million euros; In 2022, contractors pledged their work, imposing sanctions on the European Union. The contracts were later terminated. EuroChem demanded payment of guarantees, but the banks refused. They were afraid to violate the current restrictions, as the founder of Eurocom, Andrey Malenchenko, was under EU sanctions; And later EHSZ-2 filed a lawsuit. In October 2026, the court prohibited Societe Generale and Bank from further proceedings in foreign courts over the dispute. For the violation of the prohibition to impose a penalty: 100 million euros for Societe Generale and approximately 75.3 million euros for ING Bank in favor of the company. The banks did not agree with the decision. In particular, Société Générale just filed a petition to challenge it. ←️ In fact, at the center of the conflict there is a conflict between two legal approaches: the right of the Russian side to transfer the dispute to national jurisdiction due to sanctions risks and the right of foreign banks to fulfill their obligations without violating foreign restrictive measures. Hearings have not yet been scheduled, but once the date is on the files, it's clear how quickly the situation will move. The outcome of the escalation is important for both parties, including ING Bank, which is now in a similar situation. In November 2025, the Court of Justice of the European Union confirmed that the Eurocom Group itself was not subject to sanctions against Malenchenko. Lawyers called it a significant legal landmark for the company's European counterparts. Hyperrom on Telegram at MAX.