From Reuters:
"Exclusive: Indian firm shipped explosives to Russia despite US warnings
WASHINGTON/KYIV/NEW
DELHI, July 24 (Reuters) - An Indian company shipped $1.4 million worth
of an explosive compound with military uses to Russia in December,
according to Indian customs data seen by Reuters, despite U.S. threats
to impose sanctions on any entity supporting Russia's Ukraine war effort.
One
of the Russian companies listed as receiving the compound, known as HMX
or octogen, is the explosives manufacturer Promsintez, which an
official at Ukraine's SBU security service said has ties to Moscow's
military...
The
other Russian company is a subsidiary of Spanish explosives
manufacturer Maxam, which is itself controlled by New York-based private
equity firm Rhone Capital.
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. According to the Pentagon's Defense
Technical Information Center and related defense research programs, HMX
is widely used in missile and torpedo warheads, rocket motors, exploding
projectiles and plastic-bonded explosives for advanced military
systems.
The HMX sale to Russian firms has not been previously reported...
India, which has recently forged closer ties with the United States in an effort to counterbalance China's growing influence, has not abandoned its longstanding military and economic ties with Moscow..."
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