[Russia] - Russian Lawmakers Approve Debt Relief Bill for New Army Recruits

INSUBCONTINENT EXCLUSIVE:
Legislators in Russias lower home of parliament on Tuesday passed an expense giving debt relief to freshly gotten soldiers beginning next
month.Under the bill, financial obligations of approximately 10 million rubles ($99,400) would be canceled for individuals who sign military
contracts or are set in motion on or after Dec
1, 2024
Servicemen who already employed in the army are not eligible.To certify, court-ordered financial obligation enforcement should be released
before next month
The legislation would also waive debt enforcement costs, typically 7% of the overall financial obligation, and extend soldiers loan payment
deferral period from 30 to 180 days.Applications for these loan payment holidays need to be sent between Dec
1 and Dec
31, 2024
Spouses of soldiers would also qualified for the benefits.The bill now faces a vote in the upper-house Federation Council, where some
lawmakershave already voiced their support
If passed, the bill would then need President Vladimir Putins signature to become law.Authorities in Russia have actually spent months
ramping up incentives for men to sign up with the military including substantial sign-up benefits and a range of social advantages for
soldiers and their families as Moscow seeks to replenish its forces battling in Ukraine without resorting to another out of favor
mobilization drive.