Comment on Putin signs law allowing some Russian recruits to write off bad debts worth up to almost $100K as combat losses mount in Ukraine

Putin signs law allowing some Russian recruits to write off bad debts worth up to almost $100K as combat losses mount in Ukraine

Russian President Vladimir Putin.Contributor/ Getty ImagesRussian President Vladimir Putin signed a law on debt forgiveness for certain recruits on Saturday.It allows for up to $96,000 in debt forgiveness for those who sign a minimum one-year contract to fight in Ukraine.It comes amid soaring Russian combat losses.Russian President Vladimir Putin has signed a law allowing debt forgiveness for certain troops who sign up to fight in Ukraine.Putin on Saturday signed off on legislation that, from December 1, allows recruits who sign a minimum one-year contract to fight in the war forgiveness of up to 10 million rubles of debt arrears (around $96,000), Russia's Interfax news agency reported.The legislation applies where debt collection proceedings were opened before December 1, 2024, the report says.Russia's State Duma approved the bill earlier this week.The new law, which also extends to the spouses of recruits, comes amid mounting Russian combat losses in Ukraine.Responding to the news on X, Carl Bildt, cochair of the European Council on Foreign Relations Council and a former prime minister of Sweden, said that the move showed Russia's attempts to replenish its losses were evidently becoming "more and more difficult.""In addition to huge lump sum of money offered there is now also debt write off not only for those enrolling but also for their families.

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Comment on Putin signs law allowing some Russian recruits to write off bad debts worth up to almost $100K as combat losses mount in Ukraine

Putin signs law allowing some Russian recruits to write off bad debts worth up to almost $100K as combat losses mount in Ukraine

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Comment on Putin signs law allowing some Russian recruits to write off bad debts worth up to almost $100K as combat losses mount in Ukraine

Putin signs law allowing some Russian recruits to write off bad debts worth up to almost $100K as combat losses mount in Ukraine

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