Russian exporters pause shipments along INSTC

Azerbaijan’s budget beats forecasts as oil transfers and tax inflows bolster fiscal balance

President Ilham Aliyev has signed a law amending Azerbaijan’s Penal Enforcement Code of Azerbaijan, introducing new mechanisms aimed at improving the enforcement of court-ordered fines and clarifying legal procedures for their collection.

On March 10, Azerbaijan, on the instructions of President Ilham Aliyev, sent a package of humanitarian aid to Iran. The decision followed a telephone conversation between Aliyev and Iranian President Masoud Pezeshkian on March 8, which officials said was aimed at stabilizing relations after several days of diplomatic tension.

U.S. President Donald Trump and Russian President Vladimir Putin held a phone call on March 9 to discuss the escalating confrontation with Iran, the war in Ukraine and broader geopolitical tensions, officials from both countries said.