Caspian Sea Caspian Sea The Caspian Sea is the world's largest inland body of water, variously classed as the world's largest lake or a full-fledged sea. It is an Endorheic basin (a basin without outflows) located between Europe and Asia, to the east of the Caucasus Mountains and to the west of the broad steppe of Central Asia. It is bounded by Kazakhstan to the northeast, Russia to the northwest, Azerbaijan to the west, Iran to the south, and Turkmenistan to the southeast. The Caspian Sea is home to a wide range of species and may be best known for its caviar
Caspian Sea region. There are similar tensions between Azerbaijan and Turkmenistan (the latter claims that the former has pumped more oil than agreed from a field, recognized by both parties as shared). The Caspian littoral states' meeting in 2007 signed an agreement that bars any ship not flying the national flag of a littoral state from entering the sea. Negotiations among the five littoral states have been ongoing, amidst ebbs and flows, for the past 20 years, with some degree of progress being made at the fourth Caspian Summit held in Astrakhan in 2014. The Caspian Summit is a head of state-level