The U.S. allows "Rosneft" to trade oil.

Despite the sanctions against the president of "Rosneft" Igor Sechin, the U.S. Federal Trade Commission has allowed the Russian company to buy the trading business of Morgan Stanley. There is only one obstacle to complete the transaction: it is necessary to obtain the approval of the Foreign Investment Committee.

The U.S. Federal Trade Commission (FTC) approved the sale of the Morgan Stanley's trading business to "Rosneft", the website of the Commission states. In order for the transaction to be complete the approval of the Committee on Foreign Investment U.S. (CFIUS) must be obtained. In April, a Bloomberg source stated that the parties are likely to wait for the better relations between Russia and the United States before turning the documents into the committee. Just in April the U.S. imposed sanctions against the president of "Rosneft" Igor Sechin.

In late May, the TV channel CNBC reported, citing an anonymous source, that Morgan Stanley "is in the process of preparing the documents for CFIUS", but has not yet formally applied them. Last week CEO Morgan Stanley James Gorman stated the bank plans to complete the sale of an asset to "Rosneft" in the Q3 2014.