The refinery accounts for more than 90% of gasoline, paraffin, diesel and heating oil applications in the Berlin-Brandenburg region, according to the company.

“Replacing even a part of Russian supplies will lead to underloading of the plant and a sharp increase in the cost of petroleum products,” RIA Novosti quotes a statement.

Rosneft emphasized that the shortage of energy resources is currently a serious threat to the consumer market in Germany.

Earlier, Senator Alexei Pushkov said that Europe would face dire consequences in the event of a ban on oil imports from Russia.

Candidate of Economic Sciences Alexander Danilov, in an interview with the FBA "Economy Today" commented on the situation on the world oil market.