Russian embassy faces cash crunch, threatens retaliatory action

New Delhi: Following demonetisation, Russian diplomats are facing cash crunch and also threatened India of retaliatory action. The functioning of Russia’s embassy in New Delhi is affecting due to cash shortage.

They have asked Ministry of External Affairs to intervene in the matter in order to lift the limitations of cash withdrawal by Russian diplomats.

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What Russian ambassador Alexander Kadakin wrote in a letter?

• SBI informed the Embassy that the cash withdrawal limit available to the Embassy is now. 50,000 per week under the government of India directives with no exceptions unless otherwise advised by the RBI.
• Such an amount is totally inadequate as regards the embassy's salary and operational expenditure requirements.
• Forget running regular diplomatic business, one cannot have a decent dinner with so little cash.
• We are awaiting a reply from the MEA and hope that this is resolved quickly.
• Otherwise, we will be forced to explore other options which may include raising the issue in Moscow with your Embassy by summoning Indian Minister Counsellor.

According to the sources, the matter has been conveyed to Department of Economic Affairs.

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