Russian President Vladimir Putin on Saturday signed a law that allows those who sign up to fight in Ukraine to write off unpaid debts worth almost $100,000, the government announced.

The new legislation will allow those who sign a one-year contract to fight in Ukraine after December 1 to free themselves of existing bad debts. It also covers their spouses.

The law concerns debts where a court order for collection was issued and enforcement proceedings began before December 1, 2024. The total amount of unpaid debt that can be covered is 10 million rubles, around $96,000 at current rates.

Ukraine also has legislation allowing those fighting to get preferential terms for loans and in some cases to write off debts.