Putin is writing off Russians' overdue debts under a contract with the military
Russian dictator Putin has expanded a debt forgiveness program for Russian citizens who agree to sign a contract to serve in the military and participate in the war against Ukraine.
This was reported by The Moscow Times.
Under the new terms, the write-off of overdue loans applies to Russians who sign a contract with the Russian Ministry of Defense starting May 1, 2026, for at least one year.
This applies to debts of up to 10 million rubles incurred prior to signing the contract. At the same time, the debt must be officially confirmed—by a court decision or an enforcement document.
Debt forgiveness is also provided for family members of military personnel in the event of their death in combat, the receipt of a Group I disability, or severe injuries.
A similar mechanism was already introduced in Russia in 2024, but now the Kremlin is effectively expanding the use of financial incentives to replenish the army amid significant losses on the front lines.
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