Abstract

The Cold War between the Soviet Union and the Unite States of America found its end with the dissolution of the Soviet bloc and Warsaw Pact at the beginning of 1990s. This was considered by Francis Fukuyama, one of the world prominent scholars, as the “End of History” and mainly understood the permanent victory of the “liberal democracy” or the US hegemony over the rest of the world, and end of power politics (Fukuyama, 1992). However, the collapse of the Soviet Union paved the way to the emerging of new independent states, strategically important regions in the map of the Eurasia. Consequently, confrontation of the world great powers took place with entering new political and security issues on the stage of international power politics. One of those regions that have been forgotten by the outside world during Soviet Union was the Caspian region, which was considered as a potential energy sources and strategically pivotal area of the Eurasia that emerged out of the political chaos of 1990s.

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