In recent years, gas–liquid media are of interest due to their damping properties, which may be sufficient to prevent the mechanical destruction of the oil-filled equipment in consequence of electrical breakdown. For this purpose, an experimental installation was created, where the classical method of electric explosion of a wire is used to study the damping properties of a gas–liquid mixture. Microbubbles with a diameter of 1 mm and 0.5 mm were generated with a tangential air supply in a narrowing part of the Venturi tube or using a Laskin nozzle, respectively. Studies have shown that when the oil is aerated with 1 mm bubbles, final waves amplitude, decreases almost by 5 times, and when gassing with 0.5 mm bubbles the amplitude, decreases by more than 10 times. The attenuation of the amplitude of the pressure wave by a factor of the Euler number e in pure oil occurs in ≈ 7 ms, the bubbles with a diameter of ≈ 1 mm lead to an attenuation in ≈ 5 ms, and the bubbles with diameter of ≈ 0.5 mm in ≈ 2 ms.