Last year, SOCAR said it planned to transport 1.209 million tonnes of oil via Russia in 2022.

Inflation has exceeded the central bank’s 3 percent target for several months. Annual price growth stood at 13.7 percent in February, down from 13.9 percent in January.

In 2021, the total volume of Azerbaijan's public debt amounted to 16.9 billion manats ($9.9 billion) or 18.2 percent of GDP.