Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackChina Energy Investment Corporation, more commonly known as China Energy, is a state-owned mining and energy company administrated by the SASAC of the State Council of the People's Republic of China.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe Chinese-Russian project to develop Zashulan coal deposit, the largest in Transbaikalia, remained unfunded due to China's restrictions on cross-border payments with Russia. The development of the project is being carried out by the company "Razrizvugillya" - a joint venture of "En+" and the Chinese China Energy Investment Corporation (CHN Energy), created on a parity basis. The director said that the restrictions are related to sanctions against Russia and Chinese partners fear that the issue will not be resolved quickly. He also said that he hopes to continue developing the project together with Chinese partners.
| September 05, 2024 | China will no longer finance a joint coal project with the Russian Federation due to sanctions |