War in Ukraine: Moscow offers large loan waivers for frontline operations in the war

War in Ukraine: Moscow offers large loan waivers for frontline operations in the war

The Kremlin needs fresh soldiers for the front in Ukraine. New recruits can benefit from debt relief of up to several million rubles.

The Kremlin wants to use a new law to waive loan debts of up to ten million rubles (around 91,000 euros) for people deployed in war. This is intended to create incentives for service on the front lines in Ukraine. Anyone who now contracts to serve in the war, regardless of whether they are recruits, conscripts or contract soldiers, would have their loan debts forgiven. Frontline soldiers who are already deployed could also benefit from this law if they are currently threatened with coercive measures due to unpaid loans. President Vladimir Putin had already signed the corresponding law on Saturday, as Russian media reported on Sunday. The Duma had already approved the bill last Tuesday.

Moscow is taking advantage of the predicament of young Russians, who are often in debt. The Russian armed forces in Ukraine need new soldiers after heavy losses. Despite good pay, only a few volunteers have recently signed up for the mission. Russia recently added over 10,000 North Korean soldiers to its armed forces for use in Ukraine.

Source: Stern

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