He believed the legal dispute could be resolved, and said that many lawyers in the negotiations confirmed the commission had the mandate to create reserves in the high seas.
Russia and Ukraine also wanted the MPA to be smaller, to have a 50-year limit, and to allow more access to fisheries.
Mr Lobach said that New Zealand and USA were considering these problems and suggested that they could make changes to the proposal.
Environment group Pew Charitable Trusts accused Russia and Ukraine of scuppering the talks.
Spokeswoman Andrea Kavanagh said: "One wonders if Russia's efforts are a stalling tactic designed to bring negotiations to a halt."
In the scientific talks which preceded the negotiations, countries debated until 5am on Sunday about the proposed reserve.
Russia's opposition prompted an open letter to Russian president Vladimir Putin signed by high profile environmentalists including director James Cameron and entrepreneur Sir Richard Branson.
The letter urged Russia - a founding commission member - to play a leadership role in helping the MPA to get over the line.
Negotiations were expected to finish tomorrow morning (New Zealand time).