Debt cancellation problems may arise for military personnel contracted from December 2024 to April 2026, the Association of Russian Banks warned. We are talking about a debt of up to ₽ 10 million, for which legal collection has already begun. After the law was changed, uncertainty arose with the cancellation of loans of military personnel who entered into a contract with the Ministry of Defense from December 2024 to April 2026. Until May 2026, Law No. 377-FZ allowed termination of loan obligations in the amount of up to 10 million rubles for citizens who entered into a contract starting from 10 million rubles, as of December 22. For a debt approved by the court or administrative documents before this date. However, in the spring the rules changed - the original date in the law was replaced by May 1, 2026. As a result, if we interpret the wording of the document literally, the right of cancellation was reserved only for those who entered into the contract after May 1 of this year and had already approved the debt by then. And for military personnel who signed a contract from December 2024 to April 2026, the law does not grant benefits. This discrepancy was brought to the attention of the ARB - the association sent a request to the Bank of Russia, the State Legal Administration of the President and the State Duma Committee on Defense. The Arabs believe that when preparing the amendments, the legislator intended to preserve the support mechanism, but due to a technical error, he denied some of the military personnel the possibility of writing off debts. The most reliable way to eliminate the contradiction is to amend the legislation to restore the continuity of the deletion mechanism. ARB previously asked the central bank to interpret the new law, but the regulator mentioned that this was beyond its authority. In addition, the explanation of the Bank of Russia by itself will not be able to replace the federal norm and protect credit institutions from lawsuits by regulatory authorities, experts say.

Debt cancellation problems may arise for military personnel contracted from December 2024 to April 2026, the Association of Russian Banks warned. We are talking about a debt of up to ₽ 10 million, for which legal collection has already begun. After the law was changed, uncertainty arose with the cancellation of loans of military personnel who entered into a contract with the Ministry of Defense from December 2024 to April 2026. Until May 2026, Law No. 377-FZ allowed termination of loan obligations in the amount of up to 10 million rubles for citizens who entered into a contract starting from 10 million rubles, as of December 22. For a debt approved by the court or administrative documents before this date. However, in the spring the rules changed - the original date in the law was replaced by May 1, 2026. As a result, if we interpret the wording of the document literally, the right of cancellation was reserved only for those who entered into the contract after May 1 of this year and had already approved the debt by then. And for military personnel who signed a contract from December 2024 to April 2026, the law does not grant benefits. This discrepancy was brought to the attention of the ARB - the association sent a request to the Bank of Russia, the State Legal Administration of the President and the State Duma Committee on Defense. The Arabs believe that when preparing the amendments, the legislator intended to preserve the support mechanism, but due to a technical error, he denied some of the military personnel the possibility of writing off debts. The most reliable way to eliminate the contradiction is to amend the legislation to restore the continuity of the deletion mechanism. ARB previously asked the central bank to interpret the new law, but the regulator mentioned that this was beyond its authority. In addition, the explanation of the Bank of Russia by itself will not be able to replace the federal norm and protect credit institutions from lawsuits by regulatory authorities, experts say.