Russian MFA: Convention on Caspian Sea contributes to the stability in the region

Baku. 26 December. REPORT.AZ / “Signing of the Convention on legal status of the Caspian Sea at the V Caspian summit in Aktau contributes to the strengthening of stability and predictability in relations between the Caspian five countries, creation of favorable conditions for the expansion of mutually beneficial cooperation, formation of a clear, legal situation in the region as a whole," spokesperson of the Russian Foreign Ministry Maria Zakharova said.

Report informs that she was commenting on the Convention on the legal status of the Caspian Sea signed this year.

She pointed out that the document secures the exclusive right and responsibility of the five States "for the future of this unique reservoir".

"Its provisions establish the regime of navigation and the order of the collective use of the Caspian Sea, and settle the principles of non - presence of the armed forces of non-Caspian States, the use of Maritime space exclusively for peaceful purposes, regulate the establishment of the boundaries of territorial waters, fishing areas, the delimitation of the bottom, subsoil for use, other issues of vital importance for coastal States", the spokesperson added.

According to her, this document will promote economic cooperation, investment attractiveness, competitiveness of the Caspian five, implementation of joint projects aimed at accelerating development and full potential in the most advanced industries.