Telegram's $500 million in Russian bonds were frozen due to Western sanctions.

PANews reported on January 6th that, according to the Financial Times, Telegram's $500 million in Russian bonds have been frozen by the national settlement depository due to Western sanctions against Russia, despite founder Pavel Durov's efforts to distance himself from Moscow. This move hinders its debt buyback and has raised concerns among investors. Telegram still plans to repay its debts on schedule, and its revenue in the last six months increased by 65% year-on-year to $870 million, but it suffered a net loss of $222 million due to the devaluation of Toncoin. Telegram is pushing for the integration of the Ton ecosystem and preparing for an IPO.