📉 Putin signed a law on writing off loans for participants in the war against Ukraine and their families

Russian dictator Vladimir Putin has signed a law that provides for the cancellation of overdue loans for participants in the war against Ukraine and their family members. This was reported by The Moscow Times.

Source: Gazeta.UA

According to the document, the provision applies to individuals who signed a contract with the Russian Ministry of Defense starting from May 1 of the current year for a term of at least 12 months.

The total amount of debt eligible for write-off must not exceed 10 million rubles. Cancellation is only possible for loans taken before signing the contract and provided there is a court decision on debt recovery or an enforcement document.

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Previously, similar benefits were introduced in autumn 2024, but they were more limited and applied to debts incurred before a specified date.

Russia also has a rule under which, in the event of a serviceman’s death or serious injury at the front, loan obligations may be terminated for both the soldier and their family members, regardless of when the contract was signed.