Loading...
Market
What will be the economic impact on Russia by December 1, 2025, due to the debt forgiveness law?
3
Resolution / Starting Odds
Positive impact • 25%
Negative impact • 25%
No significant impact • 25%
Mixed impact • 25%
Economic reports from Russian government or international financial institutions
Story
Putin Signs Law: $100,000 Debt Forgiveness for Ukraine War Volunteers Starting Dec 1
Nov 23, 2024, 06:41 PM
Russian President Vladimir Putin has signed a new law that offers debt forgiveness to individuals who volunteer to fight in Ukraine. The legislation, set to take effect on December 1, 2024, allows for the cancellation of up to 10 million rubles (approximately $100,000 USD) in unpaid debts for those who sign contracts with the Ministry of Defense to serve for at least one year. This initiative comes as a response to the ongoing conflict in Ukraine, aiming to incentivize military service amidst economic challenges faced by ordinary citizens. Additionally, the monthly pay for contract soldiers is 10 times what a fireman makes in Siberia, and the signing bonus can be up to 100 times the monthly salary of a Tomsk fireman.
View original story
Similar markets
Strengthened relations • 25%
No significant change • 25%
Weakened relations • 25%
Unclear impact • 25%
Less than $1 billion • 25%
$1 billion to $2 billion • 25%
$2 billion to $3 billion • 25%
More than $3 billion • 25%
Significant negative impact • 25%
Moderate negative impact • 25%
No significant impact • 25%
Positive impact • 25%
Significant economic downturn • 25%
Moderate economic impact • 25%
Minimal economic impact • 25%
Economic growth • 25%
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Significant positive impact • 25%
Moderate positive impact • 25%
No significant impact • 25%
Negative impact • 25%
No impact • 25%
Minor impact (0-1% reduction) • 25%
Moderate impact (1-3% reduction) • 25%
Significant impact (3%+ reduction) • 25%
Significant economic downturn • 25%
Moderate economic impact • 25%
Minor economic impact • 25%
No noticeable impact • 25%
Fully approved • 25%
Partially approved • 25%
Rejected • 25%
No decision by deadline • 25%
Significant deterioration • 25%
Minor deterioration • 25%
No change • 25%
Improvement • 25%
IMF resumes full engagement • 25%
IMF resumes limited engagement • 25%
IMF cancels engagement • 25%
IMF postpones decision • 25%
