Protesters clash in Georgia, prompting regional authorities to scrap Russian investment bill

  • 📰 abcnews
  • ⏱ Reading Time:
  • 46 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 83%

Abkhazia News

Georgia Territories,Georgia Independent Territories,Russia Territories

The bill would allow Russian legal entities to build investment projects in a region of Georgia, which opponents say would price Georgian citizens out of the market.

Protesters have stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia and broken into the presidential administration offices in the building.

Video from the scene then showed people climbing through windows after prying off metal bars and chanting in the corridors. Protesters also broke into the presidential administration offices located in the same building as the parliament.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.

"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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines