Stop Russian Market Manipulation Act

The Stop Russian Market Manipulation Act would ban the importation of platinum, palladium, braggite, rhodium, ruthenium, nickel, copper, and zinc if produced in Russia or by Russian entities. The bill also targets workarounds designed to evade the ban, such as swapping or exchanging these minerals to make them appear to come from other sources. The President would not be permitted to waive this prohibition.

The import ban would remain in effect until one year after the President certifies to Congress that Russia has ended all hostilities against Ukraine. If Russia resumes hostilities within three years of such a certification, the ban would automatically resume. If enacted, this legislation could affect prices and availability of these metals for U.S. manufacturers and consumers, as these minerals are used in various industrial and consumer products. The bill is currently in committee and has not yet been voted on by the full House.