NEWS

Russian Diplomat Slams India On Demonetisation, Says No Cash To Even Buy A Decent Meal

Strict cash withdrawal limits are obstructing the Embassy's functioning

06/12/2016 10:45 AM IST | Updated 07/12/2016 5:51 PM IST
Danish Siddiqui / Reuters

One of India's oldest strategic allies, Russia, has strongly protested the ongoing cash crunch from the country's demonetisation drive, saying that strict withdrawal limits aren't enough to run a large embassy such as Russia's.

According to the Economic Times, Russian ambassador to India Alexander Kadakin penned a strongly-worded letter to the ministry of external affairs (MEA) saying, "Please just imagine if we in Moscow mirror this order of SBI (State Bank of India) when 50,000 roubles will not be enough to pay for a decent dinner in a restaurant, not to mention functioning of such a big embassy as ours in New Delhi or India's in Moscow."

The cash withdrawal limit available to the Russian Embassy, which employs a staff of 200, is about Rs 50,000 per week, leaving only Rs 250 cash in hand for each employee of the embassy for an entire week, according to the report.

Russia has been one of India's oldest strategic allies and a major defense equipment supplier to the country.

But it isn't the only country to have felt the pain from the strict cash withdrawal limits set in the wake of the cash crunch following India's demonetisation move. Diplomats from Ukraine, Kazakhstan, Ethiopia and Sudan have also sent missives to India protesting the limits, according to the ET report.

MORE:News

More On This Topic