Hungary's Prime Minister Viktor Orban considered on Friday that an embargo on Russian gas imports to the EU will have a devastating effect on the European economy.

Responding to a question about the EU’s ongoing debate on the possibility of banning gas supplies from Russia, Orban told the Kossuth radio station that his government was firmly against this step.

"Not that Hungary has no alternative. This may ruin the whole of Europe," Orban indicated, expressing his certainty that "common sense will prevail" when discussing this topic within the EU.

"Wartime inflation"

The Hungarian Prime Minister indicated that the war in Ukraine and the anti-Russian sanctions had already caused "wartime inflation, which is different from inflation in a normal situation" throughout Europe.

"As long as there is a war on, there will be inflation. Peace is the only way to stop wartime inflation," he affirmed.

Orban highlighted that his government is now forced to take additional measures "to protect Hungarian families and curb utility bills."

Europe "dancing" on brink of global economic crisis

It is noteworthy that Orban had said that Europe is "dancing" on the brink of a global economic crisis because of sanctions against Russia.

The Hungarian PM praised the European Union's plan to exclude Russia's pipeline oil supply from the sixth round of sanctions.

According to Orban, "The pipeline solution is not bad. It’s a good approach, but we need a guarantee that in the event of an accident with a pipeline going through Ukraine, we will have to have the right to get Russian oil from other sources. If we get it, it’s fine."