Russia’s President Vladimir Putin on Saturday signed a law that allows debt forgiveness for new recruits signing up to fight in Ukraine, government announced.
The new legislation allows those signing up for a one-year contract to have their bad debts of up to 10 million roubles (€92,000, $95,835), written off.
Law won’t apply to those already enlisted
The law — approved by parliament earlier this month — will be applicable to potential recruits who have had debt collection proceedings initiated against them before December 1.
Those who have already been enlisted would not be eligible for the new measure to attract manpower.
Russia has faced a high attrition rate of its forces as its ongoing invasion of Ukraine grinds on.
In October, NATO Secretary General Mark Rutter said that over 600,000 Russian forces had been killed or injured in Ukraine since the war began in February 2022.
Rutte said that it is Russia’s battlefield losses that is leading to “growing desperation” on the part of Putin.
Rutter made those comments when he confirmed that North Korean troops had been sent to Russia to join the fighting in Ukraine.
Russia has managed to bolster its ranks by offering increasingly large payouts, in some cases of many times the average salary, to those willing to fight in Ukraine.
The measures have meant another general mobilization has been avoided.
kb/lo (Reuters, AFP)
Russia offers debt relief to recruits for Ukraine war – DW – 11/23/2024
German Finance Minister Lars Klingbeil urges swift advancement of digital euro
German Vice-Chancellor and Finance Minister Lars Klingbeil stated that failing to advance the digital euro is detrimental to Europe, urging swift progress ahead of a
Man Utd told to avoid ‘big Michael Carrick mistake’ after double manager blow
Man Utd must steer clear of a ‘big Michael Carrick mistake’ in their managerial search to avoid repeating past errors and secure solid leadership.