Headlines
Blast at factory in Russia's Ryazan kills 11, injures 130
Published by Global Banking and Finance Review
Posted on August 16, 2025
1 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 16, 2025
1 min readLast updated: January 22, 2026
A factory explosion in Ryazan, Russia, killed 11 and injured 130. The cause is linked to a fire in a workshop, with rescue operations ongoing.
MOSCOW (Reuters) -A blast at a factory in the Russian region of Ryazan on Friday killed 11 people and left 130 injured, Russia's emergencies ministry said on Saturday.
In a statement on Telegram, the ministry said rescuers were continuing to search through rubble at the scene of the blast, 320km (198 miles) southeast of Moscow.
Ryazan region governor Pavel Malkov said on Friday that the incident had been triggered by a fire breaking out inside a workshop at the factory.
There was no cause given for the fire, not was it clear what the factory produced. Ukrainian drones have previously targeted military and economic infrastructure in Ryazan region.
Some Russian media outlets reported that the explosion was caused by gunpowder catching fire.
(Reporting by Reuters, Writing by Felix Light)
Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. It involves analyzing potential risks and implementing strategies to mitigate them.
A financial crisis is a situation in which the value of financial institutions or assets drops rapidly. It often leads to a loss of confidence in the financial system, resulting in economic instability.
Economic growth refers to the increase in the production of goods and services in an economy over a period of time. It is typically measured by the rise in real GDP.
Insurance is a financial product that provides protection against financial loss or risk. It involves the transfer of risk from an individual or business to an insurance company in exchange for premium payments.
Investment is the act of allocating resources, usually money, in order to generate income or profit. It can take various forms, including stocks, bonds, real estate, and other assets.
Explore more articles in the Headlines category
