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Russia's energy trumps U.S. sanctions as Rosneft extends reach
SAINT PETERSBERG, Russia (Bloomberg) -- One by one, executives from some of the world’s largest energy companies climbed the dais to sign accords with OAO Rosneft chief Igor Sechin as Vladimir Putin stood behind his blacklisted ally, nodding approvingly. Executives from BP Plc, India’s Oil & Natural Gas Corp. and companies from Norway, Abu Dhabi, Venezuela, Vietnam, Cuba and Mongolia all signed deals at Sechin’s table on the last day of the St. Petersburg International Economic Forum. Putin has pointed to energy deals to show that U.S. and EU penalties imposed over his actions in Ukraine have little consequence.
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