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.

    • CanadaPlus@lemmy.sdf.org
      8·
      2 hours ago

      They also just have to increase interest rates so they don’t have massive inflation. Economically, they’re burning the furniture for heat.

  • MentalEdge@sopuli.xyz
    26·
    3 hours ago

    So it’s another way to pay fighters using the money of lenders?

    What, is the government running low on funds?

    And a one-year contract? That’s a little much for a small three-day operation.

    • Tar_Alcaran@sh.itjust.works
      3·
      47 minutes ago

      A one year contract, and when it’s over, an indeterminate extension.

      What, is the government running low on funds?

      Yes. Why do you think interest is at 20-something percent. Better to pay soldiers with other people’s money than to inflate your currency even more.