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Microsoft hasn’t announced when it expects to ship SQL Server 2022, but it’s common for new releases to arrive around the time of Microsoft Ignite, which is at the end of October this year.
The SQL Server is only hosting 2 databases currently, and the largest is the one moving, so thresholding SQL back so they share resources shouldn't be a problem.
Suppose instead you were running SQL Server in an Azure VM. In that case, restoring your backup to your target environment is simply a matter of executing a RESTORE statement, and you can log ship ...