Hello @Wojtek Kaminski ,
As per my conversation with internal team if Microsoft initiates a regional failover, the data in the original region has been deemed unrecoverable. Therefore, once a regional pair is available, the customer will need to update their replication type to a geo-redundant replication
type. After the customer selected a geo-redundant replication type all of the data in their storage account will get replicated into their new secondary.
Hope this helps. Do let us know if you have any questions.
Thank you