Connect with us

Hi, what are you looking for?

Wealthy Nation TodayWealthy Nation Today

Latest News

Protesters storm parliament in breakaway Georgia region of Abkhazia over Russia deal

Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow.

Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi. Video from the scene then showed people climbing through windows after prying off metal bars and chanting in the corridors.

Eshsou Kakalia, an opposition leader and former deputy prosecutor general, said the parliament building was under the control of the protesters.

“We will now seek the resignation of the current president of Abkhazia,” he was quoted by Russia’s Interfax news agency as saying. Protesters also broke into the presidential administration offices located in the same building as the parliament.

Emergency services said at least eight people were taken to hospital.

The presidential administration said in a statement that authorities were preparing to withdraw the investment agreement with Russia that some Abkhaz fear will price them out of the property market.

Russia recognised Abkhazia and another breakaway region, South Ossetia, as independent states in 2008 after Russian troops repelled a Georgian attempt to retake South Ossetia in a five-day war.

Most of the world recognises Abkhazia as part of Georgia, from which it broke away during wars in the early 1990s, but Russian money has poured into the lush sub-tropical territory where Soviet-era spa resorts cling to the Black Sea coast.

Russian money

Abkhazian lawmakers had been set to vote on Friday on the ratification of an investment agreement signed in October in Moscow by Russian Economy Minister Maxim Reshetnikov and his Abkhazian counterpart, Kristina Ozgan.

Abkhazian opposition leaders say the agreement with Moscow, which would allow for investment projects by Russian legal entities, would price locals out of the property market by allowing far more Russian money to flow in.

The opposition said in a statement that the protesters’ actions were not against Russian-Abkhazian relations.

“Abkhazian society had only one demand: to protect the interests of our citizens and our business, but neither the president nor the parliament have heard the voice of the people until today”, Interfax cited the statement as saying.

Earlier this week Abkhazia’s self-styled president, Aslan Bzhania, held an emergency security council meeting after protesters blocked a key highway and rallied in central Sukhumi to demand the release of four activists.

The activists, who were subsequently freed, had been detained for opposing the passage of a law regulating the construction industry which references the Russian-Abkhazian agreement.

In 2014, demonstrators stormed the presidential headquarters, forcing then-leader Alexander Ankvab to flee. He later resigned over accusations of corruption and misrule.

Opposition leader Raul Khadzhimba, elected following the unrest in 2014, was himself forced to step down in 2020 after street protests over disputed election results.

This post appeared first on cnn.com

You May Also Like

Investing News

In this article, I’ll introduce Monte Carlo simulations, explain their relevance in trading, and describe a specific options trading strategy I’ve developed using these simulations. I’ll...

Stock News

The overall trend in the stock market’s broader indexes remains bullish. While the indexes were trading lower on Tuesday morning, they rebounded and ended...

Stock News

In the fast-paced world of trading, success often hinges on screening for the best ideas in real-time to find trading opportunities. At OptionsPlay, we...

Stock News

There are no magic bullets, but we can improve our trading edge by starting our selection process with two proven concepts: trend and momentum....