The new law is likely to attract young Russians facing financial pressures, potentially increasing the number of volunteers for military service.
With high-interest rates and limited savings among the population, the debt cancellation could serve as a significant motivator for individuals considering military service.
This legislation reflects Russia's ongoing struggle to maintain troop levels in the face of sustained conflict and economic challenges.
The implementation of this law may lead to a noticeable increase in enlistment numbers as financial incentives become a key factor in recruitment.
As the war continues, similar measures may be adopted by other countries involved in conflicts to attract volunteers and maintain troop strength.
Russian President Vladimir Putin has enacted a new law that allows volunteers signing up to fight in Ukraine to write off unpaid debts, a measure aimed at boosting recruitment amid ongoing military needs. The law, signed on November 23, 2024, permits those who enter into a one-year contract after December 1 to clear debts up to 10 million rubles (approximately $96,000). This legislation also extends to the spouses of the volunteers, providing a significant financial incentive for young Russians, particularly those in their twenties and thirties who are more likely to have taken out loans. Experts believe this move is crucial as Russia seeks to address a shortage of fighters in the nearly three-year-long conflict.
The law was approved by the Russian parliament earlier in the month and is seen as a response to the increasing number of Russians facing financial difficulties, with over 13 million citizens reportedly holding three or more loans. The average debt for these individuals is around 1.4 million rubles ($13,400). Previously, military personnel had only the option to defer loan repayments, but this new legislation offers a more permanent solution to alleviate their financial burdens. Political analysts suggest that this could help several hundred thousand people manage their debts effectively while serving in the military.
