- Five Caspian states – Russia, Iran, Azerbaijan, Kazakhstan, and Turkmenistan – have adopted a convention on the legal status of the Caspian Sea. The deal officially ended a 22-year-old impasse as all interested countries finally managed to reach a consensus. Nevertheless, the document has yet to be ratified and it does not fully resolve disputes over the division of the reservoir.
- The agreement provides for preventing non-Caspian countries from deploying their troops to the region; such conclusion translates into the lack of possibility to lease ports in order to establish foreign military bases. This provision appears beneficial both for Russia and Iran since the two countries are afraid of growing American influence in this area.
- Moreover, the deal allows for the implementation of underwater gas pipeline projects without any approval of all coastal states. Theoretically speaking, such provision may potentially open the way to the construction of the Trans-Caspian Gas Pipeline; nonetheless, it seems that the project has lost some of its significance over the last decade and it might be blocked on the pretext of environment consultations.
Photo source: KREMLIN.RU
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