Russia forgives debts to fighters in Ukraine

Russia forgives debts to fighters in Ukraine

Russian President Vladimir Putin signed a law today that allows those who sign up to fight in Ukraine to have debts that they cannot pay up to 92,000 euros written off.

The new law will allow those who sign a one-year contract after December 1st to go and fight in Ukraine, to be freed from debt. The law will also apply to the wives of those fighters.

The total amount of covered debts will amount to 10 million rubles (about 92,000 euros).

The measure, which was approved by the Russian parliament on Tuesday, is seen by experts as a major boost as Russia seeks volunteers for a conflict that has now lasted more than 1,000 days.

The law will mainly apply to young Russians of the age to go to the front, because it is assumed that they were most likely to take out loans, especially for housing, when they were 20 or 30 years old.

“The law offers a new way to free someone from an unbearable debt burden, at least for several hundred thousand people,” political analyst Georgi Bovt said on Telegram.

“Until now, there were only provisions for deferring debts for fighters,” said another expert, Sergei Krivenko.

The new law also applies to conscripts. Conscripts cannot theoretically be sent to the front, but they can choose to sign a contract to join a professional army and be sent to fight in Ukraine.

“The Russian authorities are strengthening the motivation for signing such a contract,” said Bovt.

Ukraine also has laws that allow fighters to get preferential terms for loans and in some cases debt repayment.

Source: Beta

Photo: Beta_AP

Source: bizlife.rs