The legislation will largely concern younger Russians of fighting age, since those in their 30s and younger are most likely to have loans.
The government announced that Russia n President Vladimir Putin has signed a law allowing those who signed up to fight in Ukraine to write off unpaid debts worth almost $100,000.
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. Russia has extremely high interest rates for loans and many Russians have almost no cash savings, although the proportion of home owners is relatively high.
Conscripts cannot be sent to the front line but can choose to sign a contract to join the professional army and be sent to fight in UkraineRussian authorities"are strengthening the motivation to sign a contract," political analyst Georgy Bovt wrote on Telegram.
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