Mordashov's Sanctions Highlight Ongoing Russia-Ukraine Conflict
Mordashov, CEO of Russian steel giant Severstal, holds $30B fortune and was sanctioned by U.S. in 2022.
The Nord, costing $500M, follows shipping lane near Larak Island used by Iran's IRGC.
U.S. Secretary of Defense Pete Hegseth says naval blockade is expanding globally.
Strait remains contested chokepoint with minimal merchant traffic despite ongoing blockade.
1 week ago