Tsarizm
Central Asia News

End Of The Caspian Sea Uncertainty

Image by Rassim
The blue ship in the Caspian Sea in the vicinity of Aktau city

After the collapse of the USSR, the development of transport activities in the Caspian Sea region was complicated due to its uncertain legal status. The signing of the Convention on the Status of the Caspian Sea has put an end to its “transitional” post-Soviet period. The signed Convention provides for the Caspian coastal nations’ right to extract aquatic biological resources within a 25nm offshore zone, while national sovereignty will extend to 15 nm, as well as ten adjacent to them areas for extraction of bioresources. The main water area of the sea is in common use of the parties to the Convention and the bed and subsoil assets are divided between the states on the basis of relevant agreements and international law. Shipping, bioresources catching, pipelines laying can be carried out on agreed routes and according to rules by those countries whose waters they will pass.

Statement From Iranian Resistance: Mullahs Give-away the Caspian Sea In Attempt to Preserve Regime

Astrakhan, Olya and Makhachkala are the three Russian seaports located and operating in the Caspian basin. Until recently, these ports were operating in red, registering the worst performance figures in comparison with other basins. Since 2012, cargo trade flows passing through the above ports of the Caspian basin have dropped by two-fold, and its share in the total volume of Russian ports has reached the levels of statistical error…

To read more visit Steel Guru

Related articles

OPEC, Russia Rebuff Trump’s Call For Immediate Boost To Oil Output

Tsarizm Staff

Bitcoin Now Acceptable Technology For Government Transactions In Caucasus

Mariam Gogolishvili

How Iran’s Defense Minister In Damascus Sent A Message To Washington

Seth Frantzman