World

Putin Signs Law To Write Off Debts For Military Personnel

Russian President Vladimir Putin has approved legislation allowing participants in the Special Military Operation (SMO) and their spouses to write off overdue loans up to 10 million rubles (approximately $96,000). This initiative, effective December 1, targets mobilized soldiers, conscripts (excluding military academy cadets), and individuals signing at least a one-year contract with the Russian Armed Forces post-December 1.

Eligibility Criteria

To qualify, debts must already be subject to court rulings with enforcement proceedings initiated before December 1. The relief excludes liabilities such as compensation for harm, child support payments, and corruption-related penalties.

Broader Implications

The law aims to alleviate financial burdens for military personnel and their families while ensuring that specific legal obligations remain enforceable.

Also Read: Clive Lloyd Calls For More Leaders Like PM Modi After Memorable Meeting

Richa Kaushik

Recent Posts

Waqf Law Receives Nationwide Approval, Historic Step For Muslim Society: Jagdambika Pal

At a grand Eid Milan ceremony organised by the Muslim Rashtriya Manch, political leaders, religious…

5 hours ago

Minister Daya Shankar Singh Pays Tribute to Ballia’s Forgotten Freedom Hero Jagdishwar Nigam

On August 19, 1942, Nigam famously hoisted the Indian flag at the Collector’s office, defying…

5 hours ago

Adani Ports Starts Operations At Colombo West Terminal, Promises Jobs And Growth

Adani Ports also reported strong growth in FY 2024–25. It handled 450 million metric tonnes…

7 hours ago

JIH President Calls Waqf Amendment Act An Assault On Religious Freedom & Constitutional Values

Jamaat-e-Islami Hind President has condemned the Waqf Amendment Act 2025, calling it an attack on…

7 hours ago

Govt Raises Domestic LPG Prices by ₹50; New Rates Effective April 8

Petroleum and Natural Gas Minister Hardeep Singh Puri announced a ₹50 hike in the price…

8 hours ago

Office Real Estate Hits Record High in FY25; Awfis Reports 40% Growth With Scalable Asset-Light Model

Awfis is on track with its expansion goals. The company had committed to adding 40,000…

9 hours ago