BUCHAREST - Romanian President Klaus Iohannis announced his resignation on Monday, stating that he will step down on Wednesday.

"To spare Romania and the Romanian citizens from this crisis ... I am resigning from the position of President of Romania," Iohannis said at a press conference at the Cotroceni Palace.

"I will leave office the day after tomorrow, on February 12," he added.

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The decision comes as the country's parliament is set to convene on Tuesday at 10:00 am local time to discuss a motion to suspend President Iohannis.