The president of the self-declared republic of Abkhazia, Aslan Bzhania, has resigned but will withdraw his resignation if protesters do not leave government buildings in Sukhumi by Tuesday.
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00:00The president of Abkhazia, Aslan Bazanya, has resigned following widespread protests
00:07against an investment deal which opponents claim would increase Russian influence in
00:10the region.
00:11Demonstrators stormed government buildings last Friday, forcing Bazanya to flee and plunging
00:17the self-declared republic into political turmoil.
00:23The president has said he will withdraw his resignation if protesters do not leave the
00:27buildings in the capital, Sukhumi, by Tuesday.
00:32Vice President Bajragumba will assume the role of acting president for now.
00:41The unrest was sparked by opposition to a property agreement between Abkhazia and Russia
00:46which would allow Russian companies to invest in the region.
00:52Opponents of the agreement argued that it would inflate property prices and increase
00:55Moscow's influence.