Sri Lanka President To Quit After Palace Stormed By Angry Protesters

by Zero Hedge

Update (1455ET): Sri Lankan President Gotabaya Rajapaksa announced he would step down late Saturday night after thousands of protesters rushed his official residence and offices earlier in the day. 

Rajapaksa has taken refuge in an undisclosed location, some have pointed out, possibly on a naval ship. 

Parliament Speaker Mahinda Yapa Abeywardena told the nation in a televised announcement late Saturday that Rajapaksa will resign Wednesday “to ensure a peaceful transition.” 

Sri Lankan Prime Minister Ranil Wickremesinghe tweeted he will resign as well:

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