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LIVE – War in Ukraine: Putin signs law canceling debts for Russian soldiers

Vladimir Putin signed a law on Saturday that allows those who sign up to fight in Ukraine to forgive debts they cannot pay up to the equivalent of 92,000 euros.

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A new law in Russia allows those who sign up to fight in Ukraine to forgive debts they cannot repay. The legislation will allow anyone who signs a one-year contract to go to fight after December 1 to be released from debts, for which a recovery order was issued before that date. It will also apply to their spouses. The total amount of debts covered will be 10 million rubles, or around 92,000 euros at the current rate.

This measure, approved Tuesday by the Russian Parliament, is considered by experts as a strong incentive, while Russia is looking for volunteers for a conflict which has now lasted more than a thousand days.

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On the other side, Ukraine also has legislation allowing fighters to obtain preferential terms for loans and, in some cases, cancel their debts.

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The editorial staff of TF1info

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