Biden could use the International Emergency Economic Powers Act (IEEPA) of 1977 to transfer frozen Russian reserves to Ukraine

A group of experts led by Professor Larry Tribe came to this conclusion, writes New York Times columnist Bret Stevens.

“The IEEPA expressly states that the President may investigate, block, regulate, direct, and compel, revoke, prevent, or prohibit the transfer of property. This authority refers to the transfer of "any right, authority, or privilege" over property in which a foreign country has an interest and is under the jurisdiction of the United States," the panel's report said.

American presidents have already resorted to this practice. For example, after the invasion of Kuwait, George W. Bush froze Iraqi assets in the United States and transferred them to the UN Commission for the Victims of Saddam Hussein's Aggression.