Four Russian fighter jets briefly violated Swedish airspace over the Baltic Sea.

The funds will be used to purchase "thousands of air defense systems, missiles, and automated turrets to shoot down drones," U.K. Defense Minister John Healey said.

European leaders will decide on Dec. 18–19 whether to proceed with a "reparations loan," a plan to lend up to 210 billion euros in frozen Russian assets to Ukraine.

Ukraine requires its partners to cover half of its projected $120 billion of defense spending to stay in the fight against Russia in 2026, Defense Minister Denys Shmyhal said on Dec. 16.

The incident comes as Ankara rebukes both Kyiv and Moscow over escalating hostilities in the Black Sea amid Russia's all-out war against Ukraine.

Bakhmutka River emerges as Siversk’s last line of defense as Russia presses assault

The prices dropped to just over $40 per barrel on average for Russian crude shipped from the Baltic Sea, the Black Sea, and the Kozmino port in the Far East, Bloomberg reported.

As the U.S. increases pressure in peace talks, Russia's demand for a Ukrainian withdrawal from Ukraine-controlled parts of Donbas has sparked debate — including over whether such a decision could be made through a referendum during the war.

Russia rejects Christmas truce over concerns that it could give Ukraine a temporary respite in the war, Kremlin spokesperson Dmitry Peskov said on Dec. 16.

"Neither de jure nor de facto will we recognize Donbas as Russian," Zelensky told reporters on Dec. 15 following the second round of talks in Germany.

Russia's central bank has filed a lawsuit seeking 18.2 trillion rubles ($229 billion) in damages from Euroclear, escalating Moscow's dispute with the Belgium-based securities depository as the EU considers how to use frozen Russian assets to support Ukraine.