Ban on Importing Platinum and Palladium from the Russian Federation.
This bill mandates the President to completely prohibit the importation of platinum and palladium originating from the Russian Federation into the United States. While primarily a foreign policy measure, this ban could affect the supply chain and potentially increase costs for consumer goods that rely on these metals, such as catalytic converters and electronics. Citizens might face indirect price increases in sectors dependent on these raw materials.
Key points
Imposes a total ban on the import of platinum and palladium from Russia as an economic sanction.
Potential impact on the cost of cars, medical devices, and electronics, as platinum and palladium are key raw materials in these industries.
Expired
Citizen Poll