
Running out of time — Azerbaijan looks to tax hikes to counter shrinking hydrocarbon reserves
While economically necessary, these fiscal adjustments may carry political consequences, including the potential for civilian unrest.

While economically necessary, these fiscal adjustments may carry political consequences, including the potential for civilian unrest.

Discussions regarding other trade goods are reportedly ongoing, as Armenia is set to receive a second batch of Azerbaijani fuel.

Armenia received its first batch of Azerbaijani fuel, 1,218 tonnes of A-95 petrol, on 19 December.

Georgia is reportedly demanding high tariffs for the transfer of fuel from Azerbaijan to Armenia through Georgian territory.

The two countries agreed to work on arms production for international markets and to increase Azerbaijani gas supply.

Armenia previously received Russian and Kazakh wheat through Azerbaijan and Georgia via rail.

A draft regulation proposes to prohibit new Russian gas contracts from January 2026 and terminate long-term agreements by January 2028.