Rosneft Chief Says Sanctions Won’t Delay Morgan Stanley Deal

U.S. and European Union sanctions against Russia won’t stop OAO Rosneft from buying Morgan Stanley’s oil sales unit, Chief Executive Officer Igor Sechin said, underscoring the limitations of the punitive measures.

Regulators are looking at the deal, and “Rosneft is hoping for a positive result, but we’re ready for any decision,” Sechin told reporters in Tokyo today. “We don’t expect an effect” from sanctions on the deal, he said earlier.