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Kremlin says Russia does not seek to undermine US business in CPC oil group

ReutersMar 27, 2026 9:36 AM

- Russia is not seeking to undermine U.S. business interests in the Caspian Pipeline Consortium (CPC), Kremlin spokesman Dmitry Peskov said on Friday.

He was responding to a question about suggestions by several Russian experts, including on state TV, that Russia should ban oil supplies via the CPC from Kazakhstan in response to Washington's sanctions against Russia.

CPC, in which U.S. oil majors Chevron CVX.N and ExxonMobil XOM.N are large shareholders, exports its oil from a Russian terminal on the Black Sea.

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