Moody's Investors Service ("Moody's") has changed the outlook of Azerbaijan's State Oil Company (SOCAR) to positive from stable.

Abu Dhabi Future Energy Company PJSC (Masdar), one of the leading renewable energy companies in the world, plans to invest $200 million in the construction of a solar power plant in Azerbaijan, the ex-Soviet country's energy ministry said.

On April 8, Russian President Vladimir Putin called the head of Azerbaijan Ilham Aliyev.  As reported by the press services of both presidents, the parties discussed the situation around Nagorno-Karabakh, and further stabilization in accordance with the Statements of the leaders of Russia, Azerbaijan and Armenia dated November 9, 2020 and January 11, 2021, according to news agency Turan.

The White House is in talks to appoint a special envoy to lead negotiations on halting the construction of Russia-to-Germany gas pipeline Nord Stream 2, current and former U.S. officials said, as the Biden administration grapples with how to stymie a nearly completed energy project that would serve as a major financial and geopolitical boon to Moscow, POLITICO reported.

Companies from Uzbekistan and Russia agreed to implement 33 projects worth $2.2 billion in various sectors of Uzbekistan’s economy following a three-day visit of the biggest ever Russian business delegation to the Central Asian country. Russia is Uzbekistan's second largest trade partner and the ties between Moscow and Tashkent have warmed up since President Shavkat Mirziyoyev came to power four years ago. Last year Uzbekistan obtained observer status at the Russia-led Eurasian Economic Union.