He expressed indignation that the authorities of Western countries did not consult with citizens and business representatives on the imposition of sanctions.

Energy prices have risen, Villena said, pushing up heating and transportation costs for EU residents.

The banker accused European Central Bank officials of lying.

In his opinion, they present the situation with inflation in the European Union as overheating due to insufficiently tight monetary and budgetary policies.

Willen noted that the debate between society and business will help counter the policy of "blind eurocrats" who are leading the countries of the West to death.

Earlier, US Treasury Secretary Janet Yellen announced the possibility of an increase in oil prices in the event that a price cap on Russian oil is not introduced.

The Russian Foreign Ministry has warned that the anti-market plans of the G7 countries to set a price ceiling for Russian oil could lead to an increase in prices for it.

According to Russian Deputy Prime Minister Alexander Novak, Russia will not supply oil to the world market if, following the price restrictions discussed by the G7 countries, it turns out to be lower than production costs.