“If we talk about sustainable levels that would be tolerable for local consumers, then the current quotes have already gone beyond these limits, and if these prices remain, the damage to the EU economy can be very significant,” he told Prime.

According to the expert, the cost of gas in Europe has already reached its peak of rise in price, and the figures will remain high before the heating season.

Finnish President Sauli Niinistö previously admitted that the energy crisis could affect the unity of Europe.

Hungary and Poland are the only ones out of 27 European Union countries to have voted against a plan to voluntarily reduce gas demand by 15% in the coming months.