China's CEFC investigation leaves fate of $9b Rosneft deal hanging in balance

China's CEFC investigation leaves fate of $9b Rosneft deal hanging in balance

A worker passes an illuminated oil drilling rig and drill pipes, operated by Rosneft PJSC, in the Samotlor oilfield near Nizhnevartovsk, Russia, on Tuesday, March 21, 2017. Photographer: Andrey Rudakov/Bloomberg

Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when the economic crime police took its chairman Ye Jianming away, halting the $9.1 billion deal in its tracks, according to three sources close to the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter