Vladimir Putin has enacted a law that cancels debts up to 10 million rubles for those who sign military contracts.

Vladimir Putin has enacted a law through which Russia cancels debts of up to 10 million rubles (approximately 120,000 euros) for individuals who sign contracts with the army to fight in Ukraine, starting from May 1, 2026. This measure is part of the Kremlin's efforts to attract recruits for the war in Ukraine, which began in February 2022. The law provides for the cancellation of debts also in the case of the spouse of the person signing the contract, and it must be valid for a minimum period of one year. Additionally, the Kremlin continues to offer attractive salaries and social benefits to encourage recruitment. The Russian economy is affected by the costs of the war, and the needs of the armed forces take priority over other sectors. The Kremlin is also looking to provide job opportunities for soldiers returning from the front.