AKTAU /Kazakhstan/, August 12. /TASS/. Russian President Vladimir Putin has highly estimated the results of the fifth Caspian summit that ended with the signing of the convention on the legal status of the Caspian Sea.

"Naturally, this even will go down in history as the one that took place in Kazakhstan. It is a great event we have been heading to for two decades, have been trying to find a solution. And now it is found. Naturally, it will encourage closer cooperation in the Caspian region," Putin said at a meeting with Kazakh President Nursultan Nazarbayev on Sunday.

"As for bilateral relations, our trade is growing, projects we discuss and support are developing. They are Baiterek, energy, transport cooperation, other programs. There are very many interesting plans. I am sure all of them will be successfully implemented," he stressed.

Nazarbayev thanked the Russian leader for his active participation in preparations for today’s summit and in the work on the convention.

"Today, we reached a historic solution for cooperation between the Caspian littoral nations," he said.