Karakol (Russian: Каракол; Altay: Кара-Коол, Kara-Kool) is a rural locality (a selo) in Ust-Kansky District, the Altai Republic, Russia.

Karakol is located 77 km north of Ust-Kan (the district's administrative centre) by road.

Chyorny Anuy is the nearest rural locality.

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