European Union leaders will decide on Thursday ‌how ​to finance Ukraine in 2026 and 2027 to ‌keep it fighting Russia's invasion, with the use of Russian assets frozen in the EU the preferred option, but hinging ​on Belgium's uncertain approval.

European Union leaders are gathering for a summit aimed at agreeing on a massive loan to cover Ukraine’s military and other financial needs for the next two years

European Union leaders stalled early Friday in talks to provide a massive loan to Ukraine using frozen Russian assets, officials said, as Belgium sought ironclad guarantees from its partners that they would protect the country from any retaliation by Russia.

Europe’s 90-billion-euro interest-free loan to keep Ukraine’s economy and military from a budgetary blackhole through 2027 didn’t come about in the way some leaders wanted, but the fact it came about at all is a win for the bloc.

The leaders are to decide whether to loan tens of billions of euros in frozen Russian assets to fund Ukraine's military and economic needs.

European Union leaders decided on Friday to borrow cash to fund Ukraine's defence against Russia rather than use frozen Russian assets, sidestepping divisions to secure a 90 billion euro loan.

EU leaders attempt an unprecedented move this week to fund Ukraine, proposing to use 90 billion euros in frozen Russian assets for a critical loan. The plan sparked alarm from the European Central Bank,

The EU is deciding whether to loan tens of billions of euros of Russian money to fund Ukraine's military and economic needs.