Step 7. Specify IP Settings

At the IP Assignment step of the wizard, select a type of the IP address that you want assign to the Veeam Backup for Microsoft Azure appliance:

• If you want to assign a dynamic IP to the Veeam Backup for Microsoft Azure appliance, select Dynaimc IP address. You can either select an existing dynamic IP address from the drop-down list, or create a new dynamic IP. To create a new dynamic IP, select (create new).
• If you want to assign a static IP address to the Veeam Backup for Microsoft Azure appliance, select Static IP address. You can either select an existing static IP address from the drop-down list, or create a new static IP. To create a new static IP, select (create new).

For an IP to be displayed in the list of available static or dynamic IPs, it must be added as described in Microsoft Docs.