European Union leaders agreed to open membership talks with Ukraine in a move Ukraine's President Volodymyr Zelenskyy hailed as "a victory" for his country and for Europe.
Hungary absented from the vote that took place at a Brussels summit, as the country's Prime Minister Viktor Orban left the room during the vote.
He asserted firm resistance to a critical 50 billion euro ($55 billion) financial package for Ukraine, vetoing the proposal.
The collapse of funding talks, viewed as vital to Ukraine's financial stability next year, follows failures by U.S. Congress to agree a roughly $60 billion aid package.
Russia's central bank raised interest rates for the fifth consecutive time Friday, increasing its key rate by 1 percentage point to 16%.
Governor Elvira Nabiullina said that the central bank was nearing the end of its hiking cycle, but that rates would remain high for as long as necessary as the inflation runs close to 8% year-on-year — well above its 4% target.