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A European Union (EU) flag next to the European Commission building in Brussels, Belgium, on Nov. 10, 2023. (Simon Wohlfahrt/Bloomberg via Getty Images)
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EU finance ministers will discuss this week a plan and an investment agenda submitted by Kyiv as it seeks to secure 50 billion euros (around $53.7 billion) from the European Union's four-year Ukraine Facility, Reuters reported on April 10, citing sources in the German Finance Ministry.

The EU approved the financial aid package for Ukraine in February, allocating two-thirds of the amount in loans and one-third in grants. Ukraine has agreed to implement a variety of reforms as part of the conditions for receiving the funds.

Prime Minister Denys Shmyhal submitted the Ukraine Facility Plan to European Commission President Ursula von der Leyen on March 20.

The document identifies 15 key areas and 69 plans for reform, unnamed sources told Reuters, adding that they welcomed Ukraine's ambitious approach.

The sources did not provide further details on the plan, which they said the ministers would discuss at a meeting in Luxembourg.

Shmyhal said on March 18 that the reforms would cover "public administration, (the) fight against corruption, (and) economic and sectoral reforms in various spheres: from the energy to the agricultural sector."

Ukraine has already received the first tranche of 4.5 billion euros ($4.8 billion) of the Ukraine Facility funding.

Opinion: Answering your burning questions on Russia’s frozen assets
There’s so much news and noise on the issue of using frozen Russian assets for Ukraine, so I thought it useful to put out a quick Q&A on the issue. How much money are we talking about? There are around $320 billion in Russian central bank assets currently
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2:55 AM

Russia attacks 10 communities in Sumy Oblast.

The attacks caused 174 recorded explosions in the area. The village of Znob-Novhorodske endured the heaviest assault, with 59 explosions caused by Russian artillery, mortars, and Grad MLRS.
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