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Statement by Vladimir Putin following the Fifth Caspian Summit

By   /   August 12, 2018  /   Comments Off on Statement by Vladimir Putin following the Fifth Caspian Summit

Source: President of Russia – The Kremlin – English

President of Russia Vladimir Putin: Colleagues, ladies and gentlemen,
Today, a very important and landmark event has taken place – the signing of the Convention On the Legal Status of the Caspian Sea, an international agreement that contains a detailed and comprehensive set of rules and obligations on the use and preservation of our common treasure – the Caspian Sea. Thus, the multifaceted interaction of the ‘Caspian five’ states was given a present-day legal foundation that will serve us for years to come.
It is crucially important to note that the Convention confers upon the five states exclusive and sovereign rights to use the Caspian Sea, to pursue its responsible development and to use its assets and other resources, while firmly securing the settlement of all pressing issues based on the principles of consensus and mutual consideration of each other’s interests, and bestowing upon the Caspian a peaceful status, and ensuring that armed forces of non-regional countries are not present in the Caspian region.
We have been striving for many years to develop and approve this strategic and fundamental document. Substantial efforts have been made to hold negotiations with the participation of numerous government agencies of our countries and have involved experts from business communities.
The success achieved – and this is undoubtedly a success – was made possible largely due to the high level of trust and mutual understanding that exists between the leaders of the Caspian states and our readiness to always follow the logic of respect, partnership and equality. I would like to express appreciation to all heads of state present today.
To be continued.


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