The main events by the morning: June 4

• The Ministry of Finance in the Russian Federation intends to officially recognize mining. The agency advocates the definition of cryptocurrency mining as a type of economic activity, as well as the assignment of the code of the all-Russian classifier. The Ministry of Industry and Trade also considers it necessary to legislate the definition of mining, as well as the establishment of rules for the issuance of accounting and circulation of cryptocurrencies.

• The Italian bank UniCredit has no plans to leave Russia. The group's chief executive officer stated that the probability of the bank's withdrawal from the Russian market in the current conditions is quite low. At the moment, there are certain difficulties with the sale of the business, including political ones. However, the bank continues to look for options. 

• In May alone, Trump raised $300 million in donations for his re-election campaign. Almost half of this amount was donated by 2 million ordinary Americans. Another $150 million was sent by companies and organizations supporting the ex-president. On the day after the guilty verdict against Trump, $53 million was raised.

• The number of purchases by Russians on foreign marketplaces is decreasing. According to the forecast of Data Insight and GBS, the volume of direct online purchases by Russians will decrease by 9.6% in 2024. The number of orders, on the contrary, may grow by 4% after falling by 22% in 2023. Domestic marketplaces are becoming increasingly popular among Russians.   

• More than 50% of Russian companies have lost access to Microsoft cloud products. The wave of blackouts began on May 15-16 and continues to this day. This affected Visio Online, Project Online, Power BI and other products. Softline stated that more than 50% of businesses faced restrictions from Microsoft.

• Gazprom has problems with China: the Power of Siberia-2 agreement has reached an impasse due to new demands from Beijing. China demands that Gazprom sell gas to the country at domestic prices. Moreover, China is ready to buy only a part of the planned annual capacity of the gas pipeline.