This legislation, titled the "Stop Russian Market Manipulation Act" , establishes a prohibition on the importation of specific minerals from the Russian Federation into the United States, taking effect 90 days after its enactment. The bill specifically bans the import of platinum (including palladium, rhodium, and ruthenium), nickel , and copper ores and concentrates (including zinc) if they are produced in Russia, by a Russian entity, or obtained through means designed to evade the ban, with no waiver authority for the President. The prohibition is set to terminate one year after the President certifies Russia has ended hostilities against Ukraine, but includes a critical probationary period allowing for its immediate resumption if Russia recommences hostilities within three years of that certification, ensuring sustained economic pressure.
Conflicts and warsEuropeMetalsRussiaTrade restrictionsUkraine
Stop Russian Market Manipulation Act
USA119th CongressS-808| Senate
| Updated: 2/27/2025
This legislation, titled the "Stop Russian Market Manipulation Act" , establishes a prohibition on the importation of specific minerals from the Russian Federation into the United States, taking effect 90 days after its enactment. The bill specifically bans the import of platinum (including palladium, rhodium, and ruthenium), nickel , and copper ores and concentrates (including zinc) if they are produced in Russia, by a Russian entity, or obtained through means designed to evade the ban, with no waiver authority for the President. The prohibition is set to terminate one year after the President certifies Russia has ended hostilities against Ukraine, but includes a critical probationary period allowing for its immediate resumption if Russia recommences hostilities within three years of that certification, ensuring sustained economic pressure.