Latest news with #IdealDetonatorsPrivateLimited
Deccan Herald
4 days ago
- Business
- Deccan Herald
Indian firm says it shipped non-military explosives to Russia
Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite US threats to impose sanctions on any entity supporting Russia's Ukraine war effort.
The Star
4 days ago
- Business
- The Star
Indian firm says it shipped non-military explosives to Russia
NEW DELHI (Reuters) -An Indian firm that shipped $1.4 million worth of an explosive compound with military uses to Russia in December said on Saturday it complies with Indian rules and the substance it had shipped was for civilian industrial purposes. Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. One of the Russian companies listed in Indian customs data as receiving the compound is the explosives manufacturer Promsintez. An official at Ukraine's SBU security service has said the Russian company has ties to the military and that Ukraine launched a drone attack in April against a Promsintez-owned factory. Promsintez did not respond to a request for comment. Ideal Detonators said in an emailed response to Reuters that the material it shipped was not military grade. "The shipment ... is for industrial activity and it's a civil explosive," the company said. The U.S. government has identified HMX as "critical for Russia's war effort" and has warned financial institutions against facilitating any sales of the substance to Moscow. The U.S. Treasury Department has the authority to sanction those who sell HMX and similar substances to Russia, sanctions lawyers have said. HMX is widely used in missile and torpedo warheads, rocket motors, exploding projectiles and plastic-bonded explosives for advanced military systems, according to the Pentagon's Defense Technical Information Center and related defense research programs. The compound also has some limited civilian applications in mining and other industrial activities. (Reporting by Shivam Patel in New Delhi; Editing by Sharon Singleton)
Straits Times
4 days ago
- Business
- Straits Times
Indian firm says it shipped non-military explosives to Russia
NEW DELHI - An Indian firm that shipped $1.4 million worth of an explosive compound with military uses to Russia in December said on Saturday it complies with Indian rules and the substance it had shipped was for civilian industrial purposes. Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. One of the Russian companies listed in Indian customs data as receiving the compound is the explosives manufacturer Promsintez. An official at Ukraine's SBU security service has said the Russian company has ties to the military and that Ukraine launched a drone attack in April against a Promsintez-owned factory. Promsintez did not respond to a request for comment. Ideal Detonators said in an emailed response to Reuters that the material it shipped was not military grade. "The shipment ... is for industrial activity and it's a civil explosive," the company said. The U.S. government has identified HMX as "critical for Russia's war effort" and has warned financial institutions against facilitating any sales of the substance to Moscow. The U.S. Treasury Department has the authority to sanction those who sell HMX and similar substances to Russia, sanctions lawyers have said. Top stories Swipe. Select. Stay informed. Singapore Woman taken to hospital after car falls into sinkhole on Tanjong Katong Road Singapore Students hide vapes in underwear, toilet roll holders: S'pore schools grapple with vaping scourge Singapore 'I've tried everything': Mum helpless as son's Kpod addiction spirals out of control Singapore NDP 2025: How Benjamin Kheng is whisked from Marina Bay to Padang in 10 minutes by boat, buggy Singapore Almost half of planned 30,000 HDB flats in Tengah to be completed by end-2025: Chee Hong Tat Singapore From libraries to living rooms: How reading habits take root in underserved S'pore children Asia Thai-Cambodia clashes spread along frontier as death toll rises Asia Thousands rally in downtown Kuala Lumpur for resignation of PM Anwar HMX is widely used in missile and torpedo warheads, rocket motors, exploding projectiles and plastic-bonded explosives for advanced military systems, according to the Pentagon's Defense Technical Information Center and related defense research programs. The compound also has some limited civilian applications in mining and other industrial activities. REUTERS
Hindustan Times
4 days ago
- Business
- Hindustan Times
Indian firm says it shipped non-military explosives to Russia
NEW DELHI, - An Indian firm that shipped $1.4 million worth of an explosive compound with military uses to Russia in December said on Saturday it complies with Indian rules and the substance it had shipped was for civilian industrial purposes. Indian firm says it shipped non-military explosives to Russia Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. One of the Russian companies listed in Indian customs data as receiving the compound is the explosives manufacturer Promsintez. An official at Ukraine's SBU security service has said the Russian company has ties to the military and that Ukraine launched a drone attack in April against a Promsintez-owned factory. Promsintez did not respond to a request for comment. Ideal Detonators said in an emailed response to Reuters that the material it shipped was not military grade. "The shipment ... is for industrial activity and it's a civil explosive," the company said. The U.S. government has identified HMX as "critical for Russia's war effort" and has warned financial institutions against facilitating any sales of the substance to Moscow. The U.S. Treasury Department has the authority to sanction those who sell HMX and similar substances to Russia, sanctions lawyers have said. HMX is widely used in missile and torpedo warheads, rocket motors, exploding projectiles and plastic-bonded explosives for advanced military systems, according to the Pentagon's Defense Technical Information Center and related defense research programs. The compound also has some limited civilian applications in mining and other industrial activities. This article was generated from an automated news agency feed without modifications to text.
Time of India
6 days ago
- Business
- Time of India
US sanctions warnings unheeded: Indian firm exports explosive compound to Russia; HMX widely used in missile & torpedo warheads
Indian company Ideal Detonators Private Limited dispatched two HMX consignments in December. (AI image) Amidst ongoing Russia-Ukraine conflict, an Indian firm exported explosives to Russia despite warnings of sanctions from the US. According to a Reuters report, an Indian enterprise exported HMX, an explosive compound with military applications, with an export value of $1.4 million to Russia in December. The Reuters report quoted Indian customs records reviewed by it. According to documentation from the Pentagon's Defense Technical Information Center and associated defence research initiatives, HMX is a crucial component in various military applications, including missile warheads, torpedo systems, rocket propulsion units and sophisticated military explosive devices. The US has designated HMX as important to Russia's military operations and has cautioned financial institutions against enabling any Moscow-bound transactions of this substance. This particular HMX transaction with Russian entities remained undisclosed until now, the report said. According to Reuters' investigation, Indian company Ideal Detonators Private Limited dispatched two HMX consignments in December, which arrived in St. Petersburg. This information was verified by Indian customs records and confirmed by a government official with direct knowledge. The customs data reveals that High Technology Initiation Systems, a Russian firm, acquired one shipment valued at $405,200. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo Promsintez purchased the other consignment, worth over $1 million. Both purchasing companies are located in Samara Oblast, near Kazakhstan's border in southern Russia. Also Read | '10% is the new zero tariff': Trump seals trade deals with many countries - what do they mean for India? India's Strong Ties With Russia India maintains its historical military and economic partnerships with Moscow whilst strengthening its alliance with the United States to balance China's increasing regional dominance. Despite Western sanctions aimed at weakening Russia's wartime economy, India's commercial relations with Russia remain strong, particularly concerning petroleum imports. Promsintez, a Russian explosives manufacturer identified as one of the recipients of the explosives, maintains connections with the Russian military, according to a Ukrainian SBU security service official. The same official confirmed that Ukraine conducted a drone strike on a Promsintez facility in April. Russian defence production facilities have maintained continuous operations in recent years to support President Vladimir Putin's military campaign in Ukraine, which escalated in 2022. In July, President Donald Trump warned of imposing a complete tariff on nations continuing to buy Russian oil. According to three sanctions lawyers, the US Treasury has authority to penalise entities selling HMX and similar materials to Russia. HMX is classified as a "high explosive" designed for maximum impact with rapid detonation properties. The HMX deliveries appear consistent with Indian governmental policies. An Indian official familiar with these transactions noted that besides its primary military applications, the compound has some civilian uses. Also Read | Russia oil squeeze: Trump's 100% tariff threat - should India panic? The Indian foreign ministry issued a statement emphasising that the country conducts exports of dual-use items whilst adhering to international non-proliferation obligations, supported by a comprehensive legal and regulatory framework that evaluates relevant criteria for such exports. When approached about the specific consignments identified by Reuters, the US State Department refrained from commenting. However, they noted that they had consistently warned India about potential sanctions risks for companies engaged in military-related commerce. A spokesperson from the US State Department highlighted India's position as a strategic ally, with whom they maintain open discussions, including matters concerning India's ties with Russia. They reiterated their consistent message to all partners, including India, about the risk of US sanctions for any international company or financial institution conducting business with Russia's military industrial sector. "India is a strategic partner with whom we engage in full and frank dialogue, including on India's relationship with Russia," a spokesperson said. "We have repeatedly made clear to all our partners, including India, that any foreign company or financial institution that does business with Russia's military industrial base are at risk of US sanctions." Also Read | Russia oil trouble hits: Shipowners and oil traders avoiding Russia-backed Nayara Energy in India; impact after EU sanctions "While India has not traditionally been amongst the main regions utilised for bypassing sanctions, we acknowledge the possibility of individual instances," Ukrainian presidential adviser Vladyslav Vlasiuk informed Reuters. "We can confirm that the Russian company Promsintez has appeared on our radar in the past, including in connection with cooperation involving Indian counterparts," added Vlasiuk, who serves as President Volodymyr Zelenskiy's principal sanctions official. US Reluctance To Sanction India During Joe Biden's presidency, whilst some Indian organisations faced sanctions for supporting Russia's military activities, the administration applied these measures cautiously, considering diplomatic implications, according to two former US sanctions officials. The Trump administration has significantly reduced Russia-related sanctions activity, and there is uncertainty regarding potential US actions against Indian firms engaged with Russia's defence sector. The United States continues to pursue stronger ties with India, aiming to reduce the South Asian nation's alignment with China. Eric Prince from the London-based law firm Akin noted that the US administration typically prefers addressing concerns with allies through private diplomatic channels, using punitive measures only when necessary. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
