Russia, Ukraine update battle reports

Russia said on Friday that it struck more Ukrainian targets, while Ukraine claimed to have repelled Russian military attacks over the past 24 hours.

The Russian Ministry of Defense reported that from May 18 to 24, the Russian forces have conducted 49 large-scale attacks using long-range precision-guided weapons on Ukrainian military targets, foreign mercenaries' temporary deployment points, military airports, air defense systems, arsenals, fuel depots, and drones.

The Russian army claimed to have repelled multiple Ukrainian attacks in the directions of Kharkiv, Avdiivka, and Donetsk, killing and injuring Ukrainian soldiers and destroying tanks, armored vehicles, and other military equipment.

The General Staff of the Ukrainian Armed Forces issued a battle report on the same day stating that the Ukrainian troops were engaged in 77 battles along the frontline in the past 24 hours. Ukrainian forces have been defending their positions against Russian advances, employing countermeasures to maintain their defensive lines.

The Ukrainian Air Force, and rocket launcher and artillery units attacked Russian targets. Besides, the situation of Volchansk region in the direction of Kharkiv has remained tense but is still under Ukrainian control, said the report.

Russia, Ukraine update battle reports

The People's Bank of China injected liquidity into the banking system through reverse repos and medium-term lending facility (MLF) on Monday.

The central bank conducted 4 billion yuan (about 562.2 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent.

A total of 182 billion yuan was also injected into the market via the MLF, which will mature in one year at an interest rate of 2.5 percent.

The move is aimed at keeping liquidity reasonable and ample in the banking system to fully satisfy the needs of financial institutions, the central bank said in a statement.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

Chinese central bank adds liquidity via reverse repos, MLF