It was Voltaire who wrote “le mieux est l’ennemi du bien” to describe why chasing an ideal outcome might not garner the best results.

European leaders on Friday decided to finance Ukraine's war effort for at least two years through a joint loan of €90 billion, without resorting to Russian assets due to a lack of agreement. Kyiv was…

Ukrainian President Volodymyr Zelensky on Friday described the billions in further aid approved by the European Union as a "great victory" for his country. The approval of these funds is positive news for the Ukrainian people and at the same time a signal to Russia that a continuation of the war is not worthwhile, Zelensky said in Warsaw after his meeting with Polish President Karol Nawrocki.

EU leaders opted for joint debt to fill Ukraine’s war chest, holding Moscow’s frozen assets as collateral.

The number one option on the table had been to tap around €200 billion of Russian central bank assets frozen in the EU to generate a loan for Ukraine.

The European People’s Party president rebuffed Washington’s plan to benefit from the frozen assets.

Ultimately, funding to Kyiv is secured, but not the way most of the EU wanted.