Money Moves: Europe's Plan to Fund Ukraine

Europe is stepping up its game to help Ukraine. The finance ministers are meeting to talk about how to get money fast. They want to use Russian assets that are stuck in Europe. These assets were frozen because of Russia's actions in Ukraine. The idea is to use these assets to give Ukraine the funds it needs right now. The European Commission has a plan. They want to use a "reparations loan" from these frozen assets. This is a big deal because it's never been done before. But there's a snag. Belgium has some concerns. They hold most of these assets in a place called Euroclear. Belgium thinks there might be legal issues. This is making things take longer. The finance minister of Ireland, Simon Harris, says the money is needed urgently. He hopes they can make a decision soon. He thinks it would be good to get this done by the end of the week. This is all part of a bigger picture. Europe is trying to find ways to support Ukraine. They want to make sure Russia pays for what it has done. It's a complex issue, but the goal is clear: get money to Ukraine as soon as possible.