BRUSSELS, Dec 19 - European Union leaders decided on Friday to borrow cash to lend 90 billion euros ($105 billion) to Ukraine to fund its defence against Russia for the next two years, rather than deploying an unprecedented plan to finance Kyiv with frozen Russian assets. Read more at straitstimes.com. Read more at straitstimes.com.

European Union leaders agreed overnight to provide Ukraine with a 90 billion euros loan for 2026 and 2027, avoiding the use of frozen Russian assets that had been considered but faced strong opposition.