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Russia’s Security and Trade Blocs Show Signs of Fracturing

Russia’s Security and Trade Blocs Show Signs of Fracturing | EN590 Commodities Group
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Russia’s Security and Trade Blocs Show Signs of Fracturing

July 01, 2026
Source: oilprice.com
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KKR Makes Largest Ever Clean Energy Investment With $4.2B EDF Purchase Ukraine’s increasingly sophisticated drone campaign… Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… The signs are multiplying that Vladimir Putin’s powers of coercion are rapidly fading, and his chief instruments of regional leverage are dissolving.

Not only have Ukrainian drones put Russian forces on their heels in the two countries’ long-running conflict, but they are also threatening to tear apart the Collective Security Treaty Organization (CSTO), Moscow’s version of NATO.

Meanwhile, the Kremlin’s failure to prevent the reelection of Putin’s nemesis in Armenia, Prime Minister Nikol Pashinyan, is helping to expose the weakness of the Eurasian Economic Union (EAEU), the Russian-led alternative to the European Union.

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In mid-June, Ukrainian President Volodymyr Zelenskyy issued an ultimatum to Belarus, which has been described as a“captive ally”of the Kremlin: immediately cease supporting the Russian military or face adrone barrage.Belarusian leader Aleksandr Lukashenko appeared to comply, at least in part, stating that Minsk didn’t want to be drawn into the war.

Lukashenko’s actions quickly drew Russian ire.

To counter the Russian pressure, Lukashenkotook a quick tripto Beijing, where he secured an endorsement for Belarus’ sovereignty and territorial integrity from Chinese paramount leader Xi Jinping.

Lukashenko’s maneuvering exposed the limits of the Kremlin’s leverage over what is widely seen as a Russian vassal state.

The Ukrainian power play against Belarus has had broader implications for the CSTO, which, like NATO, has a similar ‘attack-against-one-is-an-attack-on-all’ provision in its charter.

Accordingly, any Ukrainian action against Belarus, a CSTO member, would, in theory, require a collective response by other member states.

But in recent days, two other members, Kazakhstan and Kyrgyzstan, have clearly indicated they have no intention of getting dragged into the Russia-Ukraine war, suggesting that the CSTO is now merely an alliance on paper.

"Kazakhstan and Kyrgyzstan have expressed concerns about being drawn into the Ukrainian conflict; their representatives stated that decisions regarding the activation of the military assistance clause under the CSTO treaty would have to be made by their parliaments, but noted that this could meet with opposition from lawmakers," Nezygar, a respected Russian military blog,reportedon its Telegram channel.

Nezygar went on to quote an unnamed Kyrgyz Foreign Ministry official as saying, “An act of aggression by Ukraine against Belarus must be formally recognized by a UN or Security Council resolution; without such a decision, the CSTO has no authority to respond to the situation." Any such resolution would be highly unlikely to survive potential vetoes from permanent council members, including the Unite.

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Indicative Market Prices July 01, 2026 23:01 UTC
ProductPriceChange
Brent Crude$102.14/bbl +0.34%
WTI Crude$96.90/bbl +0.21%
EN590 Diesel$846/MT +0.18%
Jet Fuel A-1$1090/MT +0.55%
Mazut M100$450/MT -0.15%
Bitumen 60/70$470/MT +0.08%
Sulphur Gran 99.5%$470/MT -0.44%
Urea 46% Gran$650/MT +1.12%
NPK 16-16-16$460/MT -0.28%
Nat Gas TTF$15.42/MMBtu +0.92%
* Indicative prices for reference only. Contact us for firm offers.
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