Telegram founder Pavel Durov recently issued a statement clarifying recent market rumors. He stated that despite some negative voices, from a capital structure perspective, Telegram has no connection to Russia. The recent $1.7 billion bond issuance was completely unrelated to Russian investors. Additionally, the early bonds issued in 2021 have been mostly repaid, and there are no remaining issues. Pavel emphasized a key distinction: bondholders are not shareholders, and there is a fundamental difference in rights and influence between the two. This statement aims to clarify market concerns regarding Telegram's financing sources and equity structure.