EPiServer.Forms InitializationModule fails on Azure

Has anyone experienced such strange issue - addons InitializationModule is failing on Azure? Locally everything works as expected on both IIS and IIS Express. As for Azure, site is running just fine without Forms addon.

CMS: 11.18.1
Forms: 4.29.3

Stack trace

[EPiServerCancelException: new release deployment is in progress, changes are not allowed util deployment complete]
   EPiServer.Core.Internal.DefaultContentEvents.RaiseCancellableContentEvent(String key, String defaultReason, ContentEventArgs eventArgs) +144
   EPiServer.Core.Internal.DefaultContentRepository.RaisePreSaveEvents(SaveContentEventArgs eventArgs, StatusTransition transition, Boolean isNew, Boolean isNewLanguageBranch) +98
   EPiServer.Core.Internal.DefaultContentRepository.Save(IContent content, SaveAction action, AccessLevel access) +403
   EPiServer.Forms.EditView.Internal.FormUIInitializationService.SetupRootFolderForForm() +352
   EPiServer.Forms.EditView.InitializationModule.Initialize(InitializationEngine context) +107
   EPiServer.Framework.Initialization.Internal.<>c__DisplayClass2_0.<Initialize>b__0() +19
   EPiServer.Framework.Initialization.Internal.ModuleNode.Execute(Action a, String key) +52
   EPiServer.Framework.Initialization.Internal.ModuleNode.Initialize(InitializationEngine context) +80
   EPiServer.Framework.Initialization.InitializationEngine.InitializeModules() +179

[InitializationException: Initialize action failed for Initialize on class EPiServer.Forms.EditView.InitializationModule, EPiServer.Forms.UI, Version=4.29.3.0, Culture=neutral, PublicKeyToken=8fe83dea738b45b7]
   EPiServer.Framework.Initialization.InitializationEngine.InitializeModules() +482
   EPiServer.Framework.Initialization.InitializationEngine.ExecuteTransition(Boolean continueTransitions) +153
   EPiServer.Framework.Initialization.InitializationEngine.Initialize() +40
   EPiServer.Framework.Initialization.<>c.<FrameworkInitialization>b__7_0(InitializationEngine e) +9
   EPiServer.Framework.Initialization.InitializationModule.EngineExecute(HostType hostType, Action`1 engineAction) +460
   EPiServer.Framework.Initialization.InitializationModule.FrameworkInitialization(HostType hostType) +140
   EPiServer.Global..ctor() +43
   ASP.global_asax..ctor() +5

[TargetInvocationException: Exception has been thrown by the target of an invocation.]
   System.RuntimeTypeHandle.CreateInstance(RuntimeType type, Boolean publicOnly, Boolean noCheck, Boolean& canBeCached, RuntimeMethodHandleInternal& ctor, Boolean& bNeedSecurityCheck) +0
   System.RuntimeType.CreateInstanceSlow(Boolean publicOnly, Boolean skipCheckThis, Boolean fillCache, StackCrawlMark& stackMark) +122
   System.RuntimeType.CreateInstanceDefaultCtor(Boolean publicOnly, Boolean skipCheckThis, Boolean fillCache, StackCrawlMark& stackMark) +239
   System.Activator.CreateInstance(Type type, Boolean nonPublic) +85
   System.RuntimeType.CreateInstanceImpl(BindingFlags bindingAttr, Binder binder, Object[] args, CultureInfo culture, Object[] activationAttributes, StackCrawlMark& stackMark) +1173
   System.Activator.CreateInstance(Type type, BindingFlags bindingAttr, Binder binder, Object[] args, CultureInfo culture, Object[] activationAttributes) +130
   System.Activator.CreateInstance(Type type, BindingFlags bindingAttr, Binder binder, Object[] args, CultureInfo culture) +21
   System.Web.HttpRuntime.CreateNonPublicInstance(Type type, Object[] args) +59
   System.Web.HttpApplicationFactory.GetSpecialApplicationInstance(IntPtr appContext, HttpContext context) +148
   System.Web.Hosting.PipelineRuntime.InitializeApplication(IntPtr appContext) +303

[HttpException (0x80004005): Exception has been thrown by the target of an invocation.]
   System.Web.HttpRuntime.FirstRequestInit(HttpContext context) +658
   System.Web.HttpRuntime.EnsureFirstRequestInit(HttpContext context) +89
   System.Web.HttpRuntime.ProcessRequestNotificationPrivate(IIS7WorkerRequest wr, HttpContext context) +189