Trade Tensions Tear at Russia’s Eurasian Economic Union
Prague Caps Fuel Prices, Taxes Orlen's ‘Windfall’ Refining Margins Kazakhstan’s membership in competing U.S.-… 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… While the Russian army ison its heelsin Ukraine, the Kremlin is engaging in trade wars with fellow members of the Eurasian Economic Union (EAEU).
The EAEU is ostensibly supposed to promote free trade among the five member states, not hinder it.
Russia has tended to circumvent the spirit of the organization’s intent when politically expedient.
The most prominent example is Moscow’s imposition of a variety of tradebans and barrierson Armenian goods in 2026, moves widely seen as retribution for Yerevan’s efforts to draw closer to the European Union.
The economic pressure has extended to key sectors of Armenia’s economy.
For instance, the Russian state-controlled natural gas supplier, Gazprom Armenia, recentlyimposedan abrupt 10-day cutoff of supplies.
And on September 17, Russian National Security Council Secretary Sergei Shoigu accused the Armenian government of trying, in effect, to expropriate Russian businesses in Armenia, hinting at further punitive measures on Moscow’s part.
“Russia is not ready and will not finance Armenia's European integration, and every step in this direction has objective consequences,” the Tass news agencyquotedhim as saying.
Lately, reports have also startedcirculatingthat Kazakhstan and Russia are tangling over automobiles.
Kazakhstan imported Russian autos worth $9.8 million during the first half of 2026.
Since then, imports have gone to near zero, according to data published by Kazakhstan’s Bureau of National Statistics.
The cause of the fall-off, according to Kazakh officials, is Russia’s readjustment in 2024 of “recycling fees” for imported autos.
| Product | Price | Change |
|---|---|---|
| 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% |
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