Military registration and recruiting agencies, summoning 300,000 Russian conscripts on conscription, barely thought they could afford loans at this point. Includes purchased vehicles. How to pay off the debt to the bank, being somewhere on the training ground or in a remote garrison is another question. They tried to answer it in the Central Bank. The regulator made its official recommendation in this regard to all Russian credit institutions.

The Central Bank obliged banks and microfinance organizations (MFIs) to defer loans or reduce their amount for the period of mobilization for any civilian who suddenly became military. In addition, bankers should “meet” such people or set up special debt restructuring programs for them.

We are talking about all types of private loans, including car loans. In addition, banks and MFIs are strongly advised not to charge mobilized lump sums, fines and periodic penalty payments, as well as not to demand early repayment of the loan and not to collect overdue debts.

Military registration and recruiting agencies, summoning 300,000 Russian conscripts on conscription, barely thought they could afford loans at this point. Includes purchased vehicles. How to pay off the debt to the bank, being somewhere on the training ground or in a remote garrison is another question. They tried to answer it in the Central Bank. The regulator made its official recommendation in this regard to all Russian credit institutions.

The Central Bank obliged banks and microfinance organizations (MFIs) to defer loans or reduce their amount for the period of mobilization for any civilian who suddenly became military. In addition, bankers should “meet” such people or set up special debt restructuring programs for them.

We are talking about all types of private loans, including car loans. In addition, banks and MFIs are strongly advised not to charge mobilized lump sums, fines and periodic penalty payments, as well as not to demand early repayment of the loan and not to collect overdue debts.