Leaders of five Capsian states sign Convention on legal status of the Caspian Sea

The Caspian Sea Convention on the Caspian Sea legal status has been signed by leaders of five Caspian coastal nations at the 5th Caspian Summit, the Kremlin said.

"This is an international treaty that contains a detailed and comprehensive set of rules and obligations on the use and preservation of our common heritage - the Caspian Sea. Thus, the multifaceted interaction of the states of the "Caspian Five" has received a modern legal basis for many years to come”.

It is of fundamental importance that the Convention fixes the exclusive and sovereign rights of the five nations to the Caspian Sea, the responsible development and use of its mineral resources and other resources, reliably guarantees the solution of all urgent issues on the principles of consensus and mutual consideration of interests, ensures a truly peaceful status of the Caspian Sea, the non-presence of the armed forces of non-regional states in the Caspian," the Kremlin press office quoted Russian President Vladimir Putin as saying.