The government of the Russian Federation announced an information exchange between the Federal Tax Service and the Federal Enforcement Agency to protect the rights of Russians mobilized for a special operation. The plan was prepared by the government and reported on an official website. This collaboration aims to streamline oversight and ensure that mobilized individuals are treated in accordance with applicable protections while any enforcement actions are evaluated in light of their status.
The report notes that information sharing will make it possible to quickly verify whether a person is mobilized and to confirm eligibility for a pause in enforcement proceedings related to debts. These pauses cover loans and other obligations and are designed to safeguard the financial stability of those serving as part of the operation, without jeopardizing legitimate creditor rights.
Under the law, mobilized individuals serving in the special operation have the right to apply for a suspension of enforcement proceedings for debts tied to consumer loans and mortgages. This framework acknowledges the exceptional circumstances faced by those involved and provides a pathway to avoid aggressive collection actions during service. The period of suspension is defined by the duration of participation in the operation, with flexibility to adjust payments if necessary.
Earlier this year the Central Bank reported that Russian credit institutions offered more than 188 thousand debt holidays amounting to 72.4 billion rubles for the army and their families from September of the previous year through March of the current year. These measures reflect a broader effort by financial institutions to support those connected to military service during a time of heightened obligation and risk.
On October 7, 2022, a law was signed that formalizes credit holidays on consumer and mortgage loans for Russians, contractors, and volunteers who took part in the action. The law lays out the procedure for granting grace periods and clarifies how long a debtor may suspend performance of obligations. The allowed period aligns with the duration of involvement in the operation, and there is also the possibility to reduce monthly loan payments. In September, the Central Bank advised banks and microfinance institutions to consider loan restructuring to accommodate mobilized borrowers.
In related developments, there have been reports about changes in cash flow and liquidity patterns among the population. These shifts underscore how policy adjustments affect household finances during a period of command and control measures and mobilization efforts. The government and regulators emphasize that the intent of these measures is to preserve financial stability for families and to prevent undue hardship while maintaining the ability of creditors to manage risk.
Experts in the United States and Canada monitoring international financial policy note that while the specifics differ by jurisdiction, the core aim remains similar: protect those who are serving while ensuring creditors can operate under clear guidelines. The interplay between tax authorities and enforcement agencies in times of mobilization is part of a broader framework that seeks transparency, predictability, and fairness for individuals facing extraordinary duties. Stakeholders are advised to stay informed through official channels for any updates to eligibility criteria or procedural changes, and to consult legal or financial advisors when navigating debt relief options during periods of service.
Authorities stress that the exchange of information is designed to expedite verification processes and reduce delays that could otherwise complicate debt relief. This streamlining supports timely decisions about suspensions, rescheduling, or other accommodations that might be appropriate given an individual’s service status and personal circumstances. It also reinforces the importance of accurate data handling and privacy protections as part of the broader public policy response to mobilization.