Telegram's Around $500 Million Russian Bond Frozen Over Western Sanctions

BlockBeats News, January 6th, according to the Financial Times, about $500 million in Russian bonds held by Telegram have been frozen due to Western sanctions. Telegram has issued bonds multiple times in recent years (the latest being $1.7 billion due in May 2025) and has bought back most of the bonds due in 2026. However, the mentioned $500 million bond has been "frozen" due to sanctions. The company stated that it will pay at maturity, and it will be up to the paying agent and custodian to decide whether the funds can flow to Russian bondholders.