I am not so sure about that.
Germany gets 1/3 of their raw oil from Russia, and 1/2 of their gas
(I heard this in a German newscast, that I use for German language instruction: https://www.zdf.de/kinder/logo/logo-vom-freitag-4-maerz-2022-102.html)
That's just one European nation. How much extra cost is Europe willing (or able) to absorb?