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The Russian president may be denying his connections with Gunvor, but he can’t deny that he is indeed a part of the oil and natural gas industry. In fact, it is a large source of income for him. Reports stated that President Putin holds and controls 37 percent of the Russian oil and gas company, Surgutneftegas. More than that, he also has a 4.5 percent control over another Russian company, Gazprom, which extracts, produces, transports, distributes, and sells natural gas.