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Market
Will the debt forgiveness program for Russian military recruits be extended beyond June 1, 2025?
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Official announcements from the Russian government or Ministry of Defense
Story
Putin Signs Law to Forgive $100,000 Debt for New Army Recruits in Ukraine
Nov 23, 2024, 08:05 PM
Russian President Vladimir Putin has signed a new law that will forgive debts of up to 10 million rubles (approximately $100,000 USD) for individuals who agree to fight in Ukraine. This debt forgiveness program, effective from December 1, 2024, aims to boost military recruitment by offering debt relief to those who sign contracts with the Ministry of Defense for at least one year. The initiative is part of Putin's plan to find new army recruits as Russia seeks to address its ongoing conflict with Ukraine and the financial burdens faced by its citizens.
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