The Agreement was signed by the President of the Russian Federation, the President of the Republic of Azerbaijan, the President of the Islamic Republic of Iran, the President of the Republic of Kazakhstan, and the President of Turkmenistan during the Third Caspian Summit in Baku on November 18, 2010.
The Agreement contains a provision that is crucially important to Russia’s interests: that ensuring security in the Caspian Sea is the prerogative of Caspian states.
This is a framework agreement that creates a legal foundation for cooperation between the parties’ relevant authorities in the fight against various forms of crime, and stipulates cooperation to ensure maritime security, navigation safety, and to fight piracy. Military aspects of security are not covered by the Agreement.
The Agreement declares the Caspian to be a sea of peace, stability, friendship, and good neighbourly relations.
The Agreement does not define the legal status of the Caspian Sea; separate negotiations are underway on this matter.
The Agreement confirms the course of the Russian Federation and other Caspian states in developing comprehensive cooperation, one of the most important facets of which is jointly ensuring security in the Caspian Sea.