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    Home > Headlines > Blast at explosives plant in Russia's Bashkortostan kills three people, governor says
    Headlines

    Blast at explosives plant in Russia's Bashkortostan kills three people, governor says

    Published by Global Banking and Finance Review

    Posted on October 18, 2025

    1 min read

    Last updated: January 21, 2026

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    Tags:insurancefinancial crisisrisk managementEmergency services

    Quick Summary

    A blast at the Avangard explosives plant in Bashkortostan, Russia, killed three and injured five. Investigations are ongoing, with no link to Ukrainian drones.

    Blast at explosives plant in Russia's Bashkortostan kills three people, governor

    MOSCOW (Reuters) -Three people were killed and five injured in a blast at the Avangard explosives plant in the city of Sterlitamak, Bashkortostan region, regional governor Radiy Khabirov said on Saturday via his Telegram channel.

    The explosion at the plant occurred on Friday evening.

    Forensic experts are investigating the cause of the blast, Khabirov said, denying that it was caused by Ukrainian drone strikes.

    The emergency services said on Saturday that they had completed search and rescue operations at the Sterlitamak plant, which had continued throughout the night.

    The Avangard plant manufactures industrial explosives and dismantles ammunition.

    Since 2022, the plant has been controlled by the Russian state industrial conglomerate Rostec.

    (Reporting by Reuters; Editing by Sharon Singleton)

    Key Takeaways

    • •Three people killed in an explosion at Avangard plant.
    • •Five individuals sustained injuries in the incident.
    • •The blast occurred in Sterlitamak, Bashkortostan region.
    • •Governor denies Ukrainian drone strike involvement.
    • •Rostec controls the Avangard plant since 2022.

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    Insurance is a financial product that provides protection against financial loss or risk. It involves the transfer of risk from an individual or entity to an insurance company in exchange for premium payments.

    2What is a financial crisis?

    A financial crisis is a situation where the value of financial institutions or assets drops significantly. It can lead to a loss of confidence in the economy, resulting in severe economic downturns.

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