OREANDA-NEWS Talks between Russian bank VTB and China’s CEFC on a loan to the Chinese company seeking to buy a stake in Russian oil company Rosneft are ongoing, VTB Chief Executive Andrey Kostin told reporters.

“The geography of the talks is quite wide,” Kostin said. CEFC agreed in September to buy a 14.2 percent stake in Rosneft from a consortium of Glencore and the Qatar Investment Authority in a deal valued at more than $9 billion.