This is a blessing for both Russia and Iran, which have long worried that a US or NATO military presence will increase Western influence, especially over Azerbaijan. However, the agreement does not prevent the delivery of military equipment through the Caspian Sea, with both Azerbaijan and Kazakhstan playing logistical roles for US and NATO forces in Afghanistan. Sunday`s agreement helps resolve this dispute. However, many questions remain unanswered. For example, the demarcation of the seabed itself, where most of the energy resources are located, has been abandoned, which means that the Caspian countries must negotiate bilateral agreements. That is why differences of opinion on how to divide some of its huge oil and gas deposits have been numerous – and fierce. Warships have sometimes been used to deter contractors hired by rival countries. Improving regional relations was a recurring theme in 2018 and several ad hoc agreements were signed last year. In principle, it also allows the construction of submarine gas pipelines under agreements between the countries concerned, instead of needing the agreement of the five states. Differences over its legal status have also prevented the construction of a gas pipeline across the Caspian Sea between Turkmenistan and Azerbaijan.

This would have allowed Turkmen gas to bypass Russia on its way to Europe. Another important factor is that the boundaries of the seabed have yet to be negotiated (although they are now the subject of bilateral agreements, not multilateral agreements as before). It has been just over a year since a pioneering agreement for the Caspian region was signed. The Convention on the Legal Status of the Caspian Sea has undoubtedly been an unprecedented milestone for the resource-rich region. But while the agreement resolved a long-standing dispute over the delicate question of whether the Caspian Sea or a lake is, how much has changed? The basis of all the differences of opinion so far therefore lies in the question of who has access to what. It`s important because. It is significant that Kazakh President Nursultan Nazarbayev said on Sunday that the recent agreement allowed for the setting of national quotas for fishing. All other parts of the Caspian Sea would be considered neutral waters for general use. The summit also gave rise to important security decisions, including an agreement banning military vessels from non-Caspian countries from entering the sea. But there is a possibility that this could be further investigated after Sunday`s deal. There are two types of restrictions, mandatory and discretionary.

Restrictions on dividends, branch extensions and directors` compensation are mandatory, while discretionary restrictions could include restrictions on loans and deposits. Only mandatory restrictions were imposed in the cases of two banks where PCA was invoked following the publication of the revised guidelines, IDBI Bank and UCO Bank. Both banks exceeded risk threshold 2. Main level: change in the dynamics of the Caspian neighboring countries The 18th edition of the Asian Games is taking place in Jakarta, Indonesia. . Poor supply chains: India`s agricultural market has a long and fragmented supply chain that results in high waste and cost, notably due to seasonality, perishability and product variability. The countries around the Caspian Sea exploit its strategic qualities. Russia and Iran are among the world`s largest energy producers and exporters, while Kazakhstan, Turkmenistan and Azerbaijan also produce considerable quantities.

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