Sergei Mironov, the leader of the Just Russia-For Truth faction, submitted a draft to the Russian government on Thursday calling for a temporary halt on loan payments for those serving in mobilized units of the Armed Forces. The proposal, reported by TASS, aims to shield mobilized borrowers from debt collection actions while they fulfill military service obligations.
Mironov argued that it would be unjust for banks to demand loan repayments, penalties, or fines from individuals who are mobilized and on active duty. He emphasized that such financial pressures should not be imposed during the period of service, especially for those with mortgages or loans for vehicle purchases.
The draft stipulates that a borrower or individual entrepreneur who is mobilized for service under mobilization orders would have the right to submit a request to the lender at any point during the loan term to suspend contractual obligations for the duration of the mobilization. The idea centers on ensuring financial relief during military duties, making clear that housing loans and auto loans are among the most affected types of credit.
Earlier remarks from the leadership of the State Duma’s Defense Committee indicated that mobilized citizens would continue to owe loan payments, but would benefit from higher take-home pay due to increased wages. These comments were reported by Rossiyskaya Gazeta and reflect a cautious stance on debt obligations during deployment.
The central bank stance and the Federation Council view
The Bank of Russia has also signaled support for credit holidays for mobilized individuals. It urged banks and microfinance firms to avoid penalties under existing contracts, to pause debt collections for delinquent accounts, and to refrain from actions such as eviction while service members are mobilized. These measures align with broader efforts to stabilize the financial lives of those serving in the armed forces during mobilization.
Andrei Klishas, the head of the Federation Council Commission on Constitutional Legislation and State Building, stated that the right of mobilized citizens to a credit vacation and to loan restructuring should be enshrined in law. His comments underscore the push to formalize protections for service members who are mobilized under presidential decrees, ensuring that credit accommodations persist through the duration of service.
As debates continue, the overall aim remains to balance the needs of mobilized individuals with the responsibilities of lenders, while also aligning with the evolving regulatory framework that governs consumer finance in Russia during mobilization periods. This discussion takes place amid a broader media and government focus on safeguarding the financial stability of those called to serve, and it reflects ongoing negotiations about how best to structure relief without compromising loan portfolios or financial discipline.
From official channels and parliamentary committees to the central bank, the topic remains a high priority as policymakers seek a clear, enforceable approach that protects mobilized citizens and maintains the integrity of credit markets. The outcome of these proposals could set a precedent for future mobilization cycles and the way lenders manage risk during periods of national service, with potential implications for borrowers across the country and for the broader economy as well.