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Russian President Vladimir Putin has seemingly taken a page from President Biden’s book and is offering debt relief for new recruits who sign up for the country’s military for a year.
In November, Putin signed a law allowing anyone who joins the Russian military after Dec. 1, 2024, to write off debts of up to 10 million rubles, or about $96,000.
The Associated Press reported that the law applies to debts for which a court has issued a collection order and enforcement proceedings began before Dec. 1, 2024. The law also applies to spouses of new recruits.
The move appears to be similar to the one in Biden’s book, although the latter does not link lending to military recruitment.
Russian President Vladimir Putin listens to Moscow-appointed head of Ukraine’s Russian-controlled Zaporizhzhia region Yevgeny Balitsky during their meeting at the Kremlin in Moscow, Russia, Monday, Nov. 18, 2024. (Vyacheslav Prokofyev, Sputnik, Kremlin Pool Photo via AP)
Earlier this month, Biden administration announced $4.28 billion in student loans as Biden and Vice President Harris prepare to leave the White House.
The massive donation will provide loan forgiveness for 54,900 public workers, but also brings the total loan forgiveness approved by Biden to nearly $180 billion for nearly 5 million borrowers.
The Biden-Harris administration said the program created an “incentive” for public employees to “continue and stay” in their careers by forgiving borrowers’ remaining debt after they make 120 qualifying monthly payments.
BIDEN-HARRIS ADMIN GIVES ANOTHER $4.28 BILLION IN STUDENT LOANS
This photo taken on Oct. 18, 2023 shows North Korean soldiers waving national flags as they welcome Russian Foreign Minister Sergei Lavrov after he landed at Pyongyang Airport. (Photo by KIM WON JIN/AFP via Getty Images)
For Russia, the debt relief measure is just another way Putin plans to build up Russian forces as he continues his war against Ukraine.
The AP reported on Sunday that Western leaders said North Korea had sent about 10,000 troops to help Russia’s military campaign.
Russia also allegedly recruited hundreds of Yemeni men to fight in its war in Ukraine by luring them to Russia under false pretenses in coordination with the Houthi terrorist network, according to a report in the Financial Times.
A member of the 24th Mechanized Brigade named after King Danilo of the Ukrainian Armed Forces fires a 2s5 “Hyacinth-s” self-propelled howitzer at Russian frontline soldiers, amid the Russian attack on Ukraine, near the city of Chasiv Yar in the Donetsk region, Ukraine on November 18, 2024. Oleg Petrasiuk/Press Service of the 24th King Danilo Separate Mechanized Brigade of the Armed Forces of Ukraine. (Oleg Petrasiuk/Press Service of the 24th Separate Mechanized Brigade of King Danilo of the Armed Forces of Ukraine/Handout via REUTERS)
Yemeni recruits who were transferred to Russia as part of a “shady human trafficking operation” were initially told they would be given well-paid jobs and Russian citizenship.
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However, after arriving with the help of a A company linked to the Houthismany were apparently forced into the Russian military, forced to sign combat contracts at gunpoint, and sent to the front lines in Ukraine.
Fox News Digital’s Sarah Rumpf-Whitten and Andrea Margolis contributed to this report.
