Historically high inflation is piling pressure on both national governments and the European Central Bank, which is due to meet next week.
"Moscow's actions are disrupting energy and grain supplies, pushing up prices and weakening confidence," Paolo Gentiloni, Europe's economics commissioner, said in a statement.
In May, it said it expected a growth rate of 2.7% this year and 2.3% next year for both for the EU and the euro area.
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