Der Spiegel: the EU warned of a price shock due to the imposition of an embargo on oil from Russia

He did not rule out that the decision to abandon Russian oil would be the "worst possible scenario" for the European Union and lead to an increase in energy prices.

“Governments can try to cushion the price shock with gas station rebates, tax cuts and bailouts, as they have done in the past months,” Wolf said.

In his opinion, such actions can increase the national debt.

On June 3, the European Union finally approved the sixth package of sanctions against Russia.

The new sanctions package, in particular, provides for a partial and gradual waiver of oil imports from Russia.

Leading analyst of the National Energy Security Fund, expert of the Financial University Igor Yushkov, in an interview with URA.RU, commented on the situation with oil supplies to the EU against the backdrop of sanctions against Russia.