Stop Russian Market Manipulation Act

This bill would stop U.S. imports of certain minerals that come from Russia or from a Russian company, starting 90 days after it becomes law. It also blocks “workarounds,” like swapping or relabeling minerals to dodge the ban. A “Russian entity” means any group set up under Russian law or under Russia’s control.

The ban covers platinum (including palladium, braggite, rhodium, and ruthenium), nickel, and copper ores and concentrates, including zinc. The President cannot waive this ban. It would end one year after the President tells Congress that Russia has ended all hostilities against Ukraine. If Russia restarts hostilities within three years, the ban would kick back in until peace is certified again.

• Who is affected: U.S. importers and buyers of the listed minerals and ores.
• What changes: Imports of those minerals from Russia or Russian entities are banned; attempts to evade the ban are also blocked; no presidential waiver.
• When: Starts 90 days after enactment; ends one year after a formal peace certification, with a three-year “snap-back” period if fighting resumes.