The Government at its session on Friday decided to extend the state of crisis due to continued risks of disruption in the supply of oil and oil derivatives.
“With the adopted decision, the period of validity of the state of crisis is extended from July 21 to October 20, thus ensuring continuity in institutional action and timely taking of measures in the event of disruptions in supply or significant price shocks on the international markets for oil and oil derivatives,” the government press service said on Friday.
The purpose of this decision, as explained below, is for the Government to have an appropriate legal mechanism for a rapid and efficient reaction, in order to preserve the stability of supply, mitigate the consequences of possible market disruptions and protect the interests and living standards of citizens and the economy.
After coordinating the decision within government procedures, it will be forwarded to the Parliament for consideration and adoption, in accordance with legal competences.
