The Kremlin is trying to encourage Russians to join the army: what consequences could this have for the Russian economy
Kyiv • UNN
Russian dictator Putin has signed laws providing financial incentives and loan repayment holidays for Russian soldiers fighting in Ukraine, a move likely intended to pacify troops and attract new recruits, but which could have long-term economic consequences for Russia.
Russian dictator Putin has signed laws that support the military fighting against Ukraine, aimed at reassuring them and providing financial incentives to attract new recruits through government payments. British intelligence does not rule out that such actions could have consequences for the Russian economy, UNN reports.
The Kremlin likely introduced these laws in the hopes of reassuring Russian servicemen, financially incentivizing more recruits to join the fight in exchange for state payments, and limiting criticism from the wives of fallen soldiers. While any payment holiday may cost the Russian federal government little in the short term, it would likely have long-term consequences for Russia's economic situation and prospects
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On April 6, 2024, Putin approved two laws aimed at supporting Russian soldiers fighting against Ukraine and their families.
The first law provides for the exemption of these servicemen from paying interest on consumer loans and granting them loan repayment holidays. This step extends the provisions of the October 2022 law, which exempted mobilized and other participants in the invasion from penalties for late payments on housing, utility bills, loans, and credit card debts.
In his second law, he amended the Labor Code to prohibit employers from dismissing the widows of Russian military personnel within a year of their husbands' deaths.
