PM Rama on energy crisis scenarios: Special Committee for the consequences of the war on the economy will be created

08/03/2022 20:46

In a speech on the war in Ukraine and its consequences on the economy, the Albanian Prime Minister said that the country will be affected by the energy crisis, therefore the government is preparing.

“Fortunately the war is not physically here, the bombs are not over our heads, but the impact of what is happening there, is clearly tangible here in the country’s economy and our obligation is to guarantee continuity with as little pain as possible”, said Rama.

Meanwhile, the strong rise in oil prices in Albania has led to rising costs for the production of flour and bread, while dependence on electricity imports at this time of year increases the risk of rising prices or even restrictions. The government tried to calm the public, but warned that we must prepare for any scenario.

“We are preparing for several scenarios, so we decided to set up a Special Committee.

“The most difficult scenario is that we have to prepare psychologically for situations of dramatic cuts in electricity or oil supplies, we have to prepare for that as well.

“Replacing the resources that have been provided by Russia for so many years is extremely complicated. But at the same time, the obligation to protect people’s lives, the obligation to stand in support of Ukraine and the obligation to do our best so that the war does not spread militarily is inevitable,” Rama said.

 

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