Putin and Tokayev to Discuss Gas Cooperation, U.S. Sanctions Fallout

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Russian President Putin and Kazakh President Tokayev will discuss gas cooperation and the impact of US sanctions on Russian oil majors in Kazakhstan, amid tighter restrictions on Lukoil and Rosneft.

Market Impact

Market impact analysis based on bearish sentiment with 63% confidence.

Sentiment
Bearish
AI Confidence
63%

Article Context

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Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev are meeting in Moscow this week to discuss gas cooperation and the impact of U.S. sanctions on Russian oil majors with operations in Kazakhstan. The talks come as the Kremlin faces tighter restrictions on Lukoil and Rosneft, both sanctioned last month by the Trump administration. Lukoil holds stakes in Kazakhstan’s Tengiz and Karachaganak projects, which are operated by Western majors and remain dependent on the Caspian Pipeline Consortium (CPC) for exports. The CPC—controlled…

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Original article published by OilPrice.com on November 12, 2025.
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