Report: CEFC pays no salaries to employees for 2 months - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: CEFC pays no salaries to employees for 2 months

BEIJING, May 4 (PRIME) -- CEFC China Energy, which promised to pay U.S. $9.1 billion for a 14.16% stake in Russian oil major Rosneft, has not paid salaries for two months, business newspaper Caixin reported on Friday.

CEFC problems started in March, the CEO is investigated on suspicions of committing economic crimes, and, according to media reports, the company faced troubles when trying to raise credit to pay for the Rosneft stake.

CEFC said in September 2017 that it will buy the Rosneft stake from a consortium of Glencore and the Qatar Investment Authority (QIA), strengthening energy ties between Moscow and Beijing.


04.05.2018 13:59
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6771 -0.1803 17 jul
USD 62.8129 -0.0151 17 jul
Stock Market Indices
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 238.01 -0.95 18:49 16 jul
lkoh 5190.50 +0.23 18:48 16 jul
rosn 420.40 +0.48 18:47 16 jul
sber 234.75 -0.22 18:49 16 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5200 -0.3700 14:59 16 jul
USDTD 62.6575 -0.5000 17:44 16 jul