A general view shows oil treatment facilities at Vankorskoye oil field owned by Rosneft company north of the Russian Siberian city of Krasnoyarsk, Russia, in this March 25, 2015 file photo. REUTERS/Sergei Karpukhin
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As the U.S. and Europe try to isolate Russia with sanctions, Vladimir Putin just managed to oversee one of the biggest investments in the global energy industry this year.The involvement of Qatar in the Rosneft deal may also help him reinforce Russia's role in the Middle East, where Putin intervened to support Syrian President Bashar Assad, according to Elena Suponina, a senior analyst at the Institute of Strategic Studies, which advises the Kremlin.The 10.2 billion euro ($10.75 billion) agreement for a 19.5 percent stake in Rosneft helps Putin to plug a hole in the Russian budget.France's 2017 presidential elections may provide further evidence that events are moving in Putin's favor, with front-runner Francois Fillon promising to seek better ties with Russia.
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