Watch: Abela Points To Global Tensions As He Reaffirms Energy Subsidy

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Prime Minister Robert Abela has spoken about recent global developments and their potential impact on energy prices, as tensions escalate in the Middle East.In a video message, Abela described the past 24 hours as worrying, referencing an Israeli attack on an Iranian energy facility and Iran’s retaliation targeting Qatar.He said these developments could have consequences on energy prices, supply and inflation, with wider effects on families and businesses.Abela added that discussions are taking place at a European level on how countries can support their populations and businesses in light of these challenges.However, he stressed that Malta is not starting from scratch. View this post on Instagram A post shared by Lovin Malta (@lovinmalta)“We are the country that is not going to start doing something new,” he said, explaining that Malta has already been supporting households and businesses for years through energy subsidies.Highlighting the government’s approach, Abela said: “Our energy subsidy is here to stay. In these uncertain times, we’re supporting families and businesses with a strong financial buffer for families and businesses.”He added that while other countries are now looking at ways to address rising costs, Malta has already been implementing similar measures for years.The Prime Minister reiterated that this strategy will continue as a way to cushion the impact of global uncertainty.What do you make of this?Credit: @robertabela.mt•