Group 1 - The core point of the article is that $500 million worth of Russian Telegram bonds have been frozen due to Western sanctions [1] - Telegram has issued a series of bonds in recent years, including a $1.7 billion issuance in May this year aimed at repurchasing existing debt [1] - The report indicates that the company has repurchased most of the bonds maturing in 2026, but $500 million of the outstanding bonds are frozen at the Russian Central Securities Depository [1] Group 2 - The European Union, the United States, and the United Kingdom have implemented asset freezes and other restrictions on the Russian National Settlement Depository (NSD), which may affect any Western organizations holding Russian bonds [1]