European leaders agree to $105 billion loan to fund Ukraine

Europe will lend $105 billion in additional aid to Ukraine to fund its money-starved budget for two years.

European leaders will obtain the money with a loan backed by the European Union’s budget. The plan approved Friday is some leaders’ second choice, after a push to use Russia’s frozen assets to fund the Ukrainian budget. Belgium, where most of the frozen assets are located, did not consent to the first-choice plan.