U.S. Confirms Subsidies on Palladium from Russia

Estimated reading time: 4–5 minutes

Introduction: On May 22, 2026, the U.S. Department of Commerce announced a final decision about palladium coming from Russia. They found that Russian producers and exporters of unwrought palladium receive unfair financial help, also called subsidies, from their government. This decision comes after a detailed investigation.

Background: The U.S. Department of Commerce, also known as Commerce, started looking into these subsidies on January 1, 2024. The investigation covered palladium produced and sold before December 31, 2024. Palladium is a valuable metal used in many industries. Two main Russian companies were looked at: JSC Urals Innovative Technologies and Prioksky Plant of Non Ferrous Metals.

Findings: Commerce found enough evidence to prove that the Russian government provided financial benefits or subsidies to these companies. These benefits give them an unfair advantage in the U.S. market. The Department used facts available, including some unfavorable assumptions, to conclude their decision. This approach is called using adverse facts available.

Subsidy Rates: Both of the main companies looked at, along with other Russian producers and exporters, were assigned a subsidy rate of 109.10 percent. This means that these companies benefited from government help equal to 109.10 percent of the value of their palladium exports.

Suspension of Liquidation: As a result of this decision, U.S. Customs and Border Protection will continue to collect cash deposits from these companies for their palladium exports. This action started on March 11, 2026, when the preliminary findings were first announced.

Next Steps: The U.S. International Trade Commission (ITC) will now take 45 days to decide if the U.S. industry is harmed by these imports. If the ITC agrees with the findings, further actions, like a countervailing duty order, might follow. This will ensure that U.S. industries compete fairly.

Conclusion: The decision emphasizes the commitment of the U.S. to follow fair trade practices. It aims to protect U.S. industries from unfair competition due to foreign subsidies. The document also highlights a detailed investigation process to reach a fair and lawful conclusion.

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