Morgan Stanley excluded trading business, in which Rosneft is interested, from “assets for sale”

US bank Morgan Stanley has excluded an oil trading division, negotiations on purchase of which Rosneft carries out, from the category of assets for sale, the bank stated in the report for the third quarter.

"In the current environment, we can’t be certain that the transaction will be closed, especially in the light of the obligation to obtain all necessary permits before December 20, when the period for implementation of the agreement with Rosneft expires. The activities of the oil trade subdivision continues as normal. If the transaction isn’t closed, we will consider various options in the interests of shareholders, partners and employees. For above reasons, the business of oil trading is no longer classified as held for sale asset," - Morgan Stanley warned.