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

AI Deepfake Misrepresents CDS Chauhan; PIB Confirms Video False

PIB fact check debunks AI-manipulated video showing CDS Chauhan falsely claiming India surrendered Arunachal Pradesh…

30 mins ago

Targeted Attacks Label LIC’s Adani, Reliance Stakes As Risky

Growing pressure campaigns aim to influence LIC’s investment decisions, raising concerns about destabilising long-term infrastructure…

1 hour ago

Queensland Court Blocks Activist As Adani’s Carmichael Mine Wins Confidentiality Battle

A Queensland court permanently barred activist Ben Pennings from seeking Adani’s confidential Carmichael mine data,…

1 hour ago

PM Modi & Acharya Pramod Krishnam Steer Kalki Dham’s Rapid Rise In Sambhal

The ongoing construction of Shri Kalki Dham in Sambhal shows rapid progress as skilled artisans…

3 hours ago

PM Anthony Albanese Marries Jodie Haydon In Intimate Ceremony At The Lodge

Australian Prime Minister Anthony Albanese married Jodie Haydon on Saturday at The Lodge, the first…

4 hours ago

NIA Secures Further Custody Of Anmol Bishnoi As Probe Into Terror Syndicate Deepens

The NIA has secured another seven days’ custody of international gangster Anmol Bishnoi, the younger…

5 hours ago