‘Milestone event’: Five states sign historic deal on status of Caspian Sea

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                        <strong>Vladimir Putin attended the Caspian Sea summit in Kazakhstan which he said has “milestone” significance. There five littoral powers finally made a breakthrough on trade, security and environment following 20 years of talks.</strong>

        This year&rsquo;s meeting has been <em>&ldquo;an extraordinary, milestone event,&rdquo;</em> Russian President Vladimir Putin told his counterparts in Kazakhstan&rsquo;s port city of Aktau, where the summit took place. Leaders of the Caspian Five came there to seal a convention on the legal status of the sea washing shores of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan.

“It is crucial that the convention governs … maritime shipping and fishing, sets out military cooperation among [Caspian] nations and enshrines our states’ exclusive rights and responsibilities over the sea’s future,” Putin said. He added the landmark accord also limits military presence in the Caspian Sea to the five littoral countries.

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