EU leaders face crunch decision on loaning Russia's frozen cash to Ukraine

European Union leaders begin two days of talks in Brussels with a momentous decision to be taken on whether to loan tens of billions of euros in frozen Russian assets to Ukraine to fund its military and economic needs, BBC reported. 

Most of Russia's €210bn (£185bn; $245bn) worth of assets in the EU are held by Belgium-based organisation Euroclear, and so far Belgium and some other members of the bloc have said they are opposed to using the cash.

Without a boost in funding, Ukraine's finances are set to run dry in a matter of months, according to BBC.