BRASILIA, Nov 14 (Reuters) - Russian President VladimirPutin said on Thursday that Saudi Arabia was taking a toughstance on the output deal between OPEC and its allies because ofSaudi Aramco's initial public offering, but that Moscowrespected Riyadh's interests.

Speaking to reporters in Brazil at a summit for BRICScountries, Putin said Moscow should continue its cooperationwith OPEC and that cooperation should not only be on oilproduction cuts.

(Reporting by Vladimir Soldatkin and Gabrielle Ttrault-Farber;writing by Tom Balmforth; editing by) ((Tom.Balmforth@thomsonreuters.com;))