Source link : https://london-news.net/500m-telegram-bond-assets-halted-in-russia-amid-sanction-pressures-ft/
This article has been revised to include a statement from Telegram.
Approximately $500 million in bonds associated with the Telegram messaging platform in Russia have been frozen as a result of Western sanctions, as reported by the Financial Times on Tuesday.
The freezing of these funds underscores Telegram’s ongoing ties to Russian capital, despite the efforts of its billionaire founder, Pavel Durov, to distance the company from Moscow, according to the publication.
In recent years, Telegram has conducted multiple bond offerings, including a notable $1.7 billion issuance planned for May 2025, as per the Financial Times.
Although the firm has repurchased a significant portion of bonds maturing in 2026, around $500 million is still obstructed at Russia’s National Settlement Depository (NSD), sources familiar with conversations between Telegram’s management and its investors disclosed to the newspaper.
The NSD faces sanctions from the European Union, United States, and the United Kingdom following Russia’s full-scale invasion of Ukraine.
Telegram has contested the notion that it is reliant on Russian capital or exposed to bond-related risks stemming from sanctions.
In a statement provided to The Moscow Times, Telegram spokesperson Remi Vaughn stated that the $1.7 billion bond issuance in 2025 did not involve any Russian investors and was primarily purchased by major U.S. funds. He also clarified that the $500 million figure mentioned by the Financial Times pertains…
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Author : rimmaruslan98@gmail.com
Publish date : 2026-01-11 17:34:00
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