The Traderszone Network

Published in TZ Latest News 24 September, 2014 by The TZ Newswire Staff

Rosneft may back out of Morgan Stanley oil unit deal: sources

Rosneft (ROSN.MM), Russia’s biggest crude oil producer, may back out of a deal to buy Morgan Stanley (MS.N)’s oil trading unit because Western sanctions make it virtually impossible to finance day-to-day operations, three sources close to the state-controlled company said. Morgan Stanley is under U.S. A spokesman for Morgan Stanley declined to comment. Rosneft declined official comment.