http://www.financialexpress.com/india-news/demonetisation-effect-russia-might-apply-cash-withdrawal-limit-on-indian-diplomats-in-moscow/466119/
Demonetisation: Russia protests on cash shortage faced by embassy post noteban Russia, one of India's strongest and oldest allies on Tuesday protested strongly against the demonetisation drive in India and said that it wasn't possible to run a large embassy with the limitation on cash withdrawal. By: PTI | Updated: December 6, 2016 7:42 PM The cash withdrawal limit leaves only Rs 250 cash in the hand of each of the Russian embassy employees for an entire week. (AP) Demonetization is taking a toll on Indian diplomacy, with Russia lodging a strong protest over cash shortage affecting the functioning of its embassy here and threatening retaliatory action. Pressing the External Affairs Ministry to intervene to get restrictions on cash withdrawals by Russian diplomats lifted, its Ambassador Alexander Kadakin has written to it saying embassy’s normal functioning was getting impacted with the “inadequate” amount limit of Rs 50,000 per week. State Bank of India has informed the Embassy that the cash withdrawal limit available to the Embassy is now Rs 50,000 per week under the government of India directives with no exceptions unless otherwise advised by the RBI, his letter said. “Such an amount is totally inadequate as regards the embassy’s salary and operational expenditure requirements,” the letter added. “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,” a senior Russian embassy official said here. Other retaliatory options may include restriction on the cash withdrawals for Indian diplomats posted in Russia, the official indicated. -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
