"The Convention contains provisions fixing the shipping regime and the procedure for collective use of the Caspian Sea water area, mechanisms for establishing the boundaries of territorial waters and fishing zones, delimiting the seabed and subsoil of the Caspian Sea into sectors, conditions for laying submarine cables and pipelines and other issues of cooperation between coastal states" - RIA Novosti leads explanatory note to the bill.
In February 2019, the former President of Kazakhstan, Nursultan Nazarbayev, signed the Convention on the Legal Status of the Caspian Sea.
On August 12, 2018, a meeting of the heads of Russia, Azerbaijan, Kazakhstan, Turkmenistan and Iran was held in Aktau, at which the Convention on the Legal Status of the Caspian Sea was signed.
The Iranian leader Hassan Rouhani expressed the opinion that the signing of the Convention on the Legal Status of the Caspian Sea by the leaders of Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan does not allow the United States and NATO to establish their positions there.