[Approximately $500 Million in Russian Bonds Frozen Due to Sanctions on Telegram] Approximately $500 million in Russian bonds issued by Telegram have been frozen due to Western sanctions. It is reported that Telegram has issued bonds multiple times in recent years and has repurchased most of the bonds maturing in 2026, but the aforementioned $500 million bonds have been frozen due to sanctions. The company stated that it will repay the bonds upon maturity, and whether the funds can flow to Russian holders will be determined by the payment agent and custodian institutions.