LONDON, Dec 19 - Investors welcomed the European Union's decision to fund lending to Ukraine through borrowing on Friday, saying it cemented the use of joint debt as a financing solution while avoiding a legally contentious plan to use Russia's frozen assets.

EU leaders agreed on Friday to borrow cash to lend 90 billion euros ($105 billion) to Ukraine to fund its defence against Russia for ‍the next ​two years, leaving out Hungary, Slovakia and the Czech Republic.