Putin proposes to settle debts as a means of attracting recruits in the conflict with Ukraine.
A bill was signed into law by Putin, providing up to $96K in compensation for military service.
Putin is following Biden's lead and proposing to forgive debts for one-year military enlistees in Russia.
In November, Putin signed a law that would allow anyone who enlisted in the Russian military after December 1, 2024, to have up to 10 million rubles, or about $96,000, written off their debts.
The AP reported that the law applies to debts with court orders for collection and enforcement proceedings before Dec. 1, 2024, as well as to spouses of new recruits.
The move seems to resemble a strategy from Biden's playbook, although his plan does not link loan handouts to military enlistment.
The Biden administration recently declared $4.28 billion in student loan grants as Biden and Vice President Harris prepare to depart from the White House.
Nearly 5 million public workers will receive loan forgiveness, bringing the total approved by Biden to nearly $180 billion.
The Biden-Harris administration highlighted the program that motivates public servants to continue in their careers by canceling borrowers' outstanding debt after making 120 eligible monthly payments.
Putin aims to strengthen Russian military through debt relief measure in Russia.
On Sunday, the AP reported that western leaders claimed North Korea had dispatched approximately 10,000 troops to aid Russia's military campaign.
According to a report from the Financial Times, Russia allegedly recruited hundreds of Yemeni men to fight in its war in Ukraine by deceiving them with false promises in collaboration with the Houthi terrorist organization.
The Yemeni recruits who were secretly moved to Russia as part of a suspicious trafficking operation were initially promised lucrative employment and Russian citizenship.
Many have been reportedly coerced into the Russian military after arriving with the help of a Houthi-linked company, forced to sign fighting contracts at gunpoint and sent to the front lines in Ukraine.
This report was contributed to by Sarah Rumpf-Whitten and Andrea Margolis of Planet Chronicle Digital.
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