EU leaders agree to joint borrowing to fund Ukraine

Contributing sentiments towards policy:

60% : "As a matter of urgency, we ⁠will provide a loan backed by the European Union budget.
55% : "Today we approved a decision to provide 90 billion euros ($A160 billion) to Ukraine," EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels.
50% : Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years.
46% : "We just can't afford to fail," EU foreign policy chief Kaja Kallas said.
45% : European Union leaders have decided to borrow cash to fund Ukraine's defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
43% : "The EU has avoided chaos and division and remained united." With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.
39% : The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary's Russia-friendly Prime Minister Viktor Orban had opposed it.
34% : The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine.
32% : The stakes for finding money for Kyiv were high because without the EU's financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.

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