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Ukraine crisis could hit Morgan Stanley unit sale to Rosneft

  • The crisis in Ukraine could affect Morgan Stanley's (MS) deal to sell its oil-trading unit to Rosneft, with the WSJ reporting that the companies will reassess whether they can proceed if U.S.-Russian relations worsen.
  • The agreement, worth several hundred million dollars, needs the approval of the U.S.'s Committee on Foreign Investment, which considers the national security risks of transactions and can block them.
  • Publicly, Morgan Stanley expects to close the sale in H2.
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