THE LEGAL, PRACTICAL, AND MORAL CASE

Out of deference to the President’s expertise and authority in the realm of foreign 2 affairs, Congress empowered the President to define the scope of his powers under IEEPA. [...] And third, it satisfies the reversibility requirement: the transfer operates as a temporary and narrow suspension of the normal legal relations between the Russia and the United States (and its allies). [...] After establishing the legality of transferring Russian assets to Ukraine, Part V of the report discusses the relevant practical and moral considerations that compel action by the United States and its allies in the face of Russia’s 5 ongoing atrocities against the Ukrainian people. [...] The limited reporting that has since emerged supports the understanding that a significant amount of Russia’s assets in the European Union—approximately $194 billion—reside in Euroclear Bank in Belgium.60 As for the United States, when the Biden administration announced its freeze of Russian assets, it declined to share the total it had frozen, and it has not since released the number.61 U. [...] At the turn of the 19th Century, then- Congressman John Marshall declared the President “the sole organ of the federal government in 64 Throughout, the term “transfer” refers to the act of removing Russia’s frozen assets form Russia’s control and placing them under Ukraine’s control.