The agreement between the Republic of Kazakhstan and the Russian Federation on differentiation of bottom of northern part of the Caspian Sea for the purpose of implementation of the sovereign rights to subsurface use

of July 6, 1998

The Republic of Kazakhstan and the Russian Federation which further are referred to as with the Parties, considering mutual interest in creation of the legal basis of activities of both Parties for mining of northern part of the Caspian Sea,

aiming to provide favorable conditions for realization of the sovereign rights on the Caspian Sea, and also to settle the questions connected with effective use of mineral resources of bottom and subsoil of the Northern Caspian Sea in the spirit of mutual understanding and cooperation

considering the geopolitical changes which happened in the region, the getting stronger climate of cooperation, neighborliness and mutual understanding between the Parties

in view of that the existing legal regime of the Caspian Sea does not meet the modern requirements and does not regulate in full relation of the Caspian states,

calling the Caspian states for the fastest conclusion on the basis of their consensus of the Convention on legal status of the Caspian Sea,

being guided by the principles and rules of international law, interests of the Parties in case of development and use of mineral resources of bottom and subsoil of northern part of the Caspian Sea,

proceeding from understanding that in case of determination of legal status of the Caspian Sea the Parties will consider the possibility of establishment in its water area of zones of border, customs and health control, fishing zones in the approved limits, and also zones public, understanding the responsibility to present and future generations for preserving the Caspian Sea and integrity of its unique ecological system,

considering value of the existing reserved zones for preserving and recovery of biological resources of the Caspian Sea,

recognizing importance of carrying out joint scientific research and need of observance of special ecological requirements in case of investigation and development of mineral resources of bottom and subsoil of northern part of the Caspian Sea,

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info