Russia Could Close Taps to Europe, Says Morgan Stanley

Russia could close its taps to Europe as a consequence of the new round of sanctions imposed on its banking, energy and defence sectors by Brussels. 

A report by Wall Street Italia mentioned a work by Morgan Stanley, suggesting that Russian authorities could soon take the decision.  

The multinational financial services corporation is likely to have a deep understanding of the situation, also in light of its deal with Russian oil company Rosneft. The company led by Igor Sechin notified on Tuesday that it would acquire the bulk of Morgan Stanley’s physical oil trading operations by September 3. 

The European Commission has 25 days to complete its first-stage review of the deal, which might be followed by a second-round investigation of up to 105 working days.