Wednesday, July 9, 2025

Join the Army, Get Your Debt Cleared: Russia’s Bold New Strategy

Yonhap News
Yonhap News

Amid the ongoing war with Ukraine, Russia is introducing an extraordinary debt-forgiveness policy to recruit new soldiers.

According to reports from TASS and RIA Novosti, Russian President Vladimir Putin signed legislation on Saturday with the Ministry of Defense to exempt new recruits from debt if they participate in the “special military operation” in Ukraine.

Starting next month, the new law allows recruits who sign contracts with the Russian Ministry of Defense for over a year to have up to 10 million rubles (approximately $100,000) in debts forgiven. This applies to all potential recruits whose debt collection procedures began before December 1.

As the conflict in Ukraine continues, Russia is offering substantial financial incentives to boost recruitment without resorting to full mobilization. For instance, Moscow residents who enlist can earn up to 5.2 million rubles (approximately $50,000) in their first year of service.

Meanwhile, Putin also signed a bill prohibiting the promotion of childless lifestyles, part of a broader strategy to address Russia’s declining birth rates. Under this law, movies, advertisements, internet content, and media supporting a childless life or opposing childbirth will be banned in Russia. Such content will be added to a list of prohibited materials, and films containing these themes will be denied distribution permits. Individuals found promoting childless ideologies could face fines of up to 5 million rubles (approximately $48,000).

Furthermore, Putin approved legislation that bans citizens from countries that permit gender transition from adopting or gaining custody of Russian children.

Hot this week

Tesla Tanks $68B as Musk Unveils New Political Party

The New York stock market declines after Trump imposes tariffs on South Korea and Japan, with Tesla losing $68 billion in value.

Oil Prices Climb After Saudi Arabia Hikes Export Rates

Saudi Arabia's surprise oil price hike boosts international oil prices, impacting markets and South Korea's oil imports significantly.

Apple’s FaceTime May Now Pause Your Call If Nudity Is Detected

Apple introduces nudity detection in FaceTime, pausing calls when nudity is detected, raising privacy concerns among users.

Nippon Steel Eyes Comeback as World’s No.1 with Massive U.S. Push

Nippon Steel aims to boost crude steel production by 60% through U.S. Steel acquisition and significant investments in technology.

Leaked Pics Show Samsung’s Galaxy Z Fold 7 — Thinner, Lighter, and Sleek

Leaked images reveal Samsung's Galaxy Z Fold 7, featuring a thinner design, advanced specs, and set for unveiling on July 9.

Topics

Tesla Tanks $68B as Musk Unveils New Political Party

The New York stock market declines after Trump imposes tariffs on South Korea and Japan, with Tesla losing $68 billion in value.

Oil Prices Climb After Saudi Arabia Hikes Export Rates

Saudi Arabia's surprise oil price hike boosts international oil prices, impacting markets and South Korea's oil imports significantly.

Apple’s FaceTime May Now Pause Your Call If Nudity Is Detected

Apple introduces nudity detection in FaceTime, pausing calls when nudity is detected, raising privacy concerns among users.

Nippon Steel Eyes Comeback as World’s No.1 with Massive U.S. Push

Nippon Steel aims to boost crude steel production by 60% through U.S. Steel acquisition and significant investments in technology.

Leaked Pics Show Samsung’s Galaxy Z Fold 7 — Thinner, Lighter, and Sleek

Leaked images reveal Samsung's Galaxy Z Fold 7, featuring a thinner design, advanced specs, and set for unveiling on July 9.

U.S. to Hit 90 Countries With Tariffs—Unless They Make a Deal Fast

The U.S. plans to notify trading partners of tariff rates as Trump favors simpler deals over complex negotiations.

Tesla Sales Keep Slipping, But Stock Still Jumps Nearly 5%

Tesla's vehicle sales fell 13.5% year-on-year in Q2, with deliveries below market expectations, but stock surged nearly 5%.

S&P and Nasdaq Hit New Highs Ahead of July 4th Holiday

The New York stock market showed mixed results as the Dow dipped while the S&P 500 and Nasdaq hit record highs ahead of Independence Day.

Related Articles