Russian President Vladimir Putin has enacted legislation granting debt relief to new recruits joining the military to serve in Ukraine, as confirmed by a government website on Saturday.
Reports indicate that the law permits the cancellation of debt arrears up to 10 million roubles (£77,000) for individuals signing contracts with the Defence Ministry to serve in Ukraine for a minimum of one year, starting from 1 December.
To boost military enlistment, Russia has been offering significantly increased financial incentives, often far exceeding the national average income, to those willing to participate in the conflict.
The strategy has enabled a rise in troop numbers in the combat zone without the need for another general mobilisation, which in September 2022 led to widespread emigration from Russia.
Meanwhile, central bank data reveals a sharp rise in consumer borrowing since the Kremlin’s military campaign began in 2022, despite an increase in the central bank’s interest rate to 21% in October.
Read next
17:05
Ukraine
U.S. and Russian officials concluded more than four hours of talks in Riyadh on Tuesday in their first high-level discussion aimed at ending the war in Ukraine. The meeting, closely watched by Kyiv and its European allies, saw Moscow introduce a significant new demand.
12:09
President of the European Commission, Ursula von der Leyen, met with U.S. Special Envoy for Ukraine and Russia, Keith Kellogg, on Tuesday (February 18) at the Commission’s headquarters in Brussels.
12:00
Ukraine war
A dialogue between US and Russian delegations has begun in Riyadh, the capital of Saudi Arabia. The Russian Ministry of Foreign Affairs has confirmed the development in an official statement.
10:21
RUSSIA-UKRAINE
Oil transportation from Kazakhstan to global markets through the Tengiz–Novorossiysk pipeline has been reduced on Monday as a drone strike hit a pumping station in southern Russia.
07:24
Russia released a U.S. citizen on Monday, February 17, who had been detained on minor drug charges, just before high-level talks between Russian and U.S. officials in Saudi Arabia. The move comes as Moscow and Washington seek to improve strained relations.
What is your opinion on this topic?
Leave the first comment