Three people were killed and 15 others injured in an explosion near a summer restaurant terrace in central Moscow on Saturday evening, according to the city's police force.

The incident occurred around 8:00 p.m. local time.

Authorities have not yet released details regarding the cause of the blast or the identities of the victims.

The attack comes amid heightened security concerns in the region.

Just days earlier, an explosion at a cafe in central Damascus killed five people and injured 10, according to Syrian authorities.

Investors and traders should monitor for any further developments regarding the Moscow incident, particularly if it is linked to broader geopolitical tensions or targeted violence.