Gulieva M.E. Convention on the international legal status of the Caspian Sea – a treaty that would determine the fate of the region

Abstract: This article examines the issue of international legal status of the Caspian Sea. It is first and foremost the issue of rights to the area and resources of the Caspian Sea. It is also the matter of national security for all Caspian bordering countries. This has become a key concern for the five Caspian Sea nations for over 20 years. The method of this research is the legal comparative analysis of the multilateral agreement that was supposed to solidify the maritime borders of the coastal nations. Despite the fact that this treaty was proposed as a multilateral agreement, or as a declaration, it ultimately pursued a precise goal: to define the maritime boundaries, rights and responsibilities of the coastal nations and therefore, divide the extensive natural resources of the Caspian Sea. The conclusion is that there is yet to be a resolution reached on the subject of the international legal status of the Caspian Sea. Acceptance of the Convention is expected to take place during the fifth summit of the leaders of Caspian nations, which should take place in Kazakhstan. This multilateral document will finally resolve the age-old question: is the Caspian a sea, or a lake?!

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