Telegram Faces $500 Million Bond Freeze Amid Geopolitical Tensions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Bond Freeze Impact: Telegram's $500 million bonds are frozen at Russia's National Settlement Depository due to Western sanctions, severely complicating the company's ability to repay or refinance debt while expanding its global business.
- Revenue Growth and Loss: Despite the bond freeze, Telegram reported over 65% year-on-year revenue growth in H1 2025, reaching approximately $870 million, yet posted a net loss of $222 million, reflecting market pressures and crypto asset write-downs.
- Legal Pressures and IPO Delay: Founder Pavel Durov faces legal scrutiny in France over content moderation issues, delaying the company's initial public offering plans and adding to the uncertainty surrounding its operations.
- International Debt History: Telegram has previously issued over $2.4 billion in international bonds across various markets, primarily for refinancing and expansion, but current sanctions threaten the liquidity of these debts.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






