China's central bank, the People's Bank of China (PBOC), has renewed a bilateral currency swap agreement with the Bank of Canada, the central bank of Canada.
The value of the swap is 200 billion yuan (about 28.5 billion U.S. dollars), the PBOC said in a statement on Friday.
The agreement is valid for five years and can be renewed upon mutual consent, as per the statement.
The renewal of the currency swap agreement will help enhance financial cooperation between the two countries, expand the use of local currencies between China and Canada, facilitate bilateral trade and investment, and maintain financial stability.
China, Canada renew currency swap agreement
China, Canada renew currency swap agreement
Russia reported on Saturday that its forces attacked several Ukrainian military targets over the past day, while Ukraine on the same day claimed it hit Russian oil facilities.
The Russian Defense Ministry said in its latest report that over the past 24 hours, the Russian forces conducted strikes on Ukrainian energy and transport infrastructure, drone storage sites and fuel depots, temporary deployment points of Ukrainian armed formations and foreign mercenaries in 145 locations. The ministry said Russian air defense forces shot down 568 drones over the past day.
Meanwhile, the General Staff of the Armed Forces of Ukraine reported on the same day that a total of 151 combat engagements were reported on the battlefield over the past day. It said the Ukrainian forces launched attacks on multiple Russian troops and an equipment concentration area and drone control points, and shot down 2,104 operational-tactical level Russian drones. The Ukrainian forces also hit four key Russian oil facilities on Saturday, said the report.
Ukraine's Security Service (SSU) said in a social media post on Saturday that it had hit three Russian warships in Crimea. The SSU said that the hit warships included the Russian Navy's large landing ships Yamal and Azov,and a third warship of an unspecified type. Other reports said that a Russian Project 21980 anti-sabotage boat "may have been hit."
According to the SSU, Ukraine also launched drones to attack Russia's communication systems, a radar station, and an oil base in Crimea.
Russia has not responded to these reports.
Russia claims striking multiple Ukrainian targets; Ukraine reports hitting Russian oil facilities
