CEFC China Energy is set to raise $5.1 billion in short-term loans from VTB to part finance its $9.1 billion purchase of a stake in Rosneft, Reuters reported citing sources. CEFC last month said it will buy a 14.16% stake in the Russian oil major from a consortium of Glencore and the Qatar Investment Authority, strengthening energy ties between Moscow and Beijing. According to earlier reports CEFC has committed to buy $500 million worth of Oleg Deripaska’s En+ shares at the IPO. CEFC is considered to be connected to the Chinese military top brass, but little is known about the company.