The European Council agreed on a plan to finance Ukraine with 90,000 million euros to avoid its bankruptcy, through a joint debt issue.
European leaders failed to reach agreement on using immobilized Russian assets to finance Ukraine.
The failure of the initial proposal has led to questions about the credibility of the European Union.
The final proposal was reached via 'reinforced cooperation' to navigate vetoes from Hungary, Slovakia, and the Czech Republic.
The deal is viewed as a victory for Putin and eurosceptics within the European Union.
On the other hand, the agreement provides critical financial support for Ukraine.
Conclusion: The event exposes growing cracks within the European Union and makes unanimity on supporting Ukraine more challenging, however, Ukraine's immediate financial need has been guaranteed.