Putin signed law on self-ban on loans for citizens. From March 1, 2025, Russian residents will be able to officially prohibit themselves from taking out loans.
The ban will not apply to mortgages, car loans and educational loans within the framework of state support. The idea of introducing a self-limitation mechanism for loans was proposed by the Central Bank of the country in mid-2022. According to the regulator’s experts, the initiative will help citizens better protect themselves from criminals who issue loans in someone else's name.