BRUSSELS — European leaders failed to reach a deal to use frozen Russian assets to send billions of euros in financial aid to Ukraine after 15 hours of discussions at an EU summit in Brussels.
In a blow for EU unity, leaders will now consider a solution based on joint borrowing to send €90 billion to Ukraine over two years. This plan won’t include Hungary, Slovakia and Czechia. Germany, which had long opposed this type of funding, came on board.
“Decision to provide 90 billion euros of support to Ukraine for 2026-27 approved,” European Council President António Costa posted on X. “We committed, we delivered.”