Putin signs law forgiving up to $96,000 in debt for new Russian army recruits fighting in Ukraine.

Russian President Vladimir Putin signed a law allowing new army recruits fighting in Ukraine to write off up to 10 million rubles ($96,000) in debt. This legislation, effective December 1, applies to mobilized soldiers, conscripts, and those signing a minimum one-year contract with the Russian Armed Forces after December 1, along with their spouses. Eligible debts must be under court rulings with enforcement proceedings initiated before December 1, while certain debts like child support and corruption penalties are excluded. This move aims to boost military recruitment without resorting to general mobilization.

November 23, 2024
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