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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on April 22, 2025

    Featured image for article about Headlines

    MOSCOW (Reuters) -Shells exploded at a military base east of Moscow on Tuesday, injuring four people and prompting the evacuation of about 450 people, the regional governor said.

    Alexander Avdeev, governor of Vladimir Region, wrote on Telegram that ammunition had caught fire and shells had exploded at a storage area of the base in the region's Kirzhach District.

    The Defence Ministry said earlier the fire had been caused by a breach of safety requirements and had resulted in the detonation of ammunition stored in a warehouse.

    A state of emergency was declared and local authorities were working with the Defence and Emergencies Ministries to make the area safe, he said. Three of the injured were being treated in hospital.

    Avdeev said the base had been evacuated along with residents of at least seven nearby settlements.

    Unverified video published earlier on Telegram channels showed a huge fire ball and clouds of thick smoke rising into the sky.

    Baza, a Telegram channel close to security services, said at least 10-11 explosions had occurred and firefighters from neighbouring regions had been called in to contain the blaze.

    (Reporting by Reuters; Writing by Lucy Papachristou; Editing by Alexandra Hudson, Ron Popeski and Sandra Maler)

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