151.9 million that does not constitute a final determination that a violation of Iran sanctions had occurred. 2022: Aftermath of Russian invasion of Ukraine The Russian depository blocked all securities held in Clearstream's account at the Russian depository, on March 1, 2022. The Russian depository also froze payments on securities of Russian issuers from being made to non-Russian individuals and entities. After the 2022 Russian invasion of Ukraine, the Russian National Settlement Depository said on March 25, 2022, that Clearstream had blocked its account. Also, the ruble bridge between Clearstream and Euroclear was closed. Furthermore, Clearstream stopped settling trades in Russian securities. Joint ventures In July 2010, Clearstream founded LuxCSD together with the Luxembourg Central Bank, to act as a CSD for Luxembourg. In December 2010, Clearstream co-founded REGIS-TR, a joint venture with the Spanish Central Securities Depository Iberclear, to act as a trade repository for derivatives transactions, helping participants meet their regulatory reporting obligations brought about by the introduction of the European Market Infrastructure Regulation (EMIR). Supervision Based in Luxembourg and Germany, Clearstream is subject to the supervision of the regulatory authorities of these two countries. In Luxembourg, the Commission de Surveillance du Secteur Financier (CSSF) is the prudential regulator with authority over all banks and financial service providers. In Germany, Clearstream is regulated as a bank according to the German Banking Act ("Kreditwesengesetz") and is therefore subject to the prudential supervision of the German Federal Financial Supervisory Authority (German: "Bundesanstalt für Finanzdienstleistungsaufsicht" - BaFin). Moreover, Clearstream is regulated in each market where it has operational centres, for example by the Monetary Authority of Singapore. As the operator of securities settlement systems in both Luxembourg and Germany, Clearstream is additionally regulated by the central banks of these two countries, namely the Banque centrale du Luxembourg and the Deutsche Bundesbank. Business streams Asset Services Clearstream is responsible for the management, safekeeping/custody and administration of securities (assets) under custody. Services include income and redemption payments, corporate actions as well as tax and proxy voting. The majority of securities safekept by Clearstream are immobilised. Securities are reflected in book-entry form in the accounts of customers at Clearstream regardless of whether they are held in physical or dematerialised form. This means that they are no longer represented by physical certificates, but instead by data entered into the Clearstream systems. Global Securities Financing Securities financing is the ability to borrow or lend cash or