In an interview with ARD, he shared that he fears "a social catastrophe and a powerful wave of poverty in the energy sector that is coming to the country."

“Together with inflation, this leads to the fact that people will not be able to afford food and that housing rent will constantly rise in price,” Shirdevan said.

He also suggested that this could lead to a crisis of democracy.

Earlier, Finnish President Sauli Niinistö in an interview with the Maaseudun Tulevaisuus newspaper warned of an imminent economic downturn in Europe.