Ban on Importing Key Minerals from Russia to Pressure Economy
This law prohibits the import of eight key minerals, including copper, nickel, and palladium, if they originate from Russia or Russian entities. The goal is to exert economic pressure related to the conflict in Ukraine, which could potentially impact production costs and consumer prices in the US. The ban takes effect 90 days after enactment and remains until hostilities cease.
Key points
Prohibits the import of eight specific minerals (including copper, nickel, platinum, zinc) from Russia, effective 90 days after the law is passed.
The ban is an economic sanction and can only be lifted one year after the President certifies that Russia has ended all hostilities against Ukraine.
The President is explicitly forbidden from waiving this import prohibition under any circumstances.
Status:
Expired
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