Stop Russian Market Manipulation Act

The Stop Russian Market Manipulation Act proposes a strict ban on importing several specific minerals from Russia, including platinum, palladium, nickel, copper, and zinc. The prohibition would apply to minerals produced within Russia or by Russian companies. To prevent workarounds, the bill also aims to block imports of minerals that have been swapped or exchanged in ways intended to bypass these trade restrictions. Unlike many other trade laws, this bill would not allow the President to waive these requirements.

If enacted, these restrictions would remain in place until one year after the President officially certifies to Congress that Russia has ended all hostilities against Ukraine. The bill includes a snap-back provision, meaning the ban would automatically go back into effect if Russia resumes hostilities within three years of that certification. For everyday citizens, this could lead to supply chain shifts or price changes for products that rely on these minerals, such as electronics, automotive parts, and industrial machinery, as manufacturers would be forced to source these materials from other countries.