The EU increases pressure on Russia’s financial channels, mentioning Azerbaijan

Azerbaijan has joined the United Nations-backed Singapore Convention on Mediation, a move analysts say could strengthen legal certainty for foreign investors and accelerate the country’s integration into global commercial dispute resolution mechanisms.

The Council of the European Union has approved its twentieth package of sanctions against Russia, comprising around 120 measures aimed at further pressuring key sectors of the economy supporting Moscow’s military actions against Ukraine.

In Baku on Thursday, the discussion was less about current oil flows than about their future geography. The II Oil Trade and Transport Forum “Caspian and Central Asia,” held on April 23, evolved into a conversation about risks and vulnerabilities in the global energy system rather than the familiar issues of production and pricing.

The synchronized publication of an anonymous article sharply criticizing Prime Minister Ali Asadov in several pro-government media outlets last week may reflect both a response to a localized social conflict and possible signals within the political elite, analysts say.