The Russian Ministry of Finance is proposing a value-added tax (VAT) on businesses that rent mining equipment or data centers to overseas firms and mining pools. This new regulation also applies to energy companies offering electricity to foreign mining operations. The aim is to clarify the taxation rules surrounding leasing mining equipment and establish tax regulations for companies providing ‘mining power’ services to non-Russian clients. The exact VAT applicability remains unclear as current regulations lack clear explanations, potentially causing difficulties for businesses with returns. A Russian law enacted in January requires all industrial-level miners and ‘mining infrastructure operators’ (MIO) to register nationwide. As of April 1st, 116 MIOs and 606 industrial miners have complied, but the Federal Tax Service (FTS) believes many more companies remain non-compliant. The FTS manages this directory and is currently developing guidelines for calculating annual profits for mining companies and MIOs.