The president of Abkhazia resigned Tuesday, his office stated, after reaching a contract with protesters who stormed the breakaway territorys parliament over a controversial Russian financial investment plan.Protests erupted last week in Abkhazia, located in between the Caucasus mountains and the Black Sea, over fears that a proposed financial handle Moscow could result in massive house construction.Abkhazia is recognized globally as Georgian area however has been under de facto Russian control given that a short war in between Moscow and Tbilisi in 2008.
In order to preserve stability and constitutional order I resign from the post of President of the Republic of Abkhazia, the regions leader Aslan Bzhania said in a statement.His resignation belongs to an offer under which demonstrators agreed to vacate federal government buildings they stormed Friday.
Protesters have since started leaving the square outside the governmental administration, though some stayed waving Abkhazian flags, according to the state-run RIA Novosti news agency.Bzhanias resignation will be submitted to parliament Tuesday, with his deputy anticipated to take control of as acting president, his office said.Protests have actually led to major interruptions in the tiny territory, known for its natural beauty, with demonstrators obstructing roads in the main city of Sukhumi.
Russia, a crucial advocate of Abkhazia, encouraged its residents last week to avoid taking a trip to the region.