Russia strikes Ukrainian military facilities; Ukraine intercepts Russian drones

Russian forces continued to carry out air strikes on Ukrainian military-industrial facilities, while Ukraine reported interception of most of Russian drones in an overnight attack, the two sides said on Saturday.

Russian Defense Ministry said its forces used long-range, high-precision air-based weapons and attack drones to strike military-industrial facilities and military airfield infrastructure in Lviv, Kharkov and Lutsk on early morning of Saturday, and all targets were hit.

Russian also maintained offensive operations in the Sumy, Kharkov, Donetsk, Dnipropetrovsk, Zaporizhzhia, and Kherson directions.

Ukrainian President Volodymyr Zelensky said that Russia had launched 26 cruise missiles and 597 drones at Ukraine overnight on Friday. About 20 missiles and the vast majority of drones were intercepted.

German Major General Christian Freuding told the German media on Friday that the first batch of German-funded long-range missiles will be delivered to Ukraine by the end of July.

He emphasized that Ukraine needs weapons capable of striking deep within Russian territory, targeting facilities such as warehouses, command facilities, airfields, and aircraft.

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.