Mineral Treaty Evokes 1941: US-UK War Debt Repayment
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World
March 29, 2025 11:21
london - Learn about the historic 2006 US-UK war debt repayment and the current mineral treaty between US, Russia, and Ukraine.
US-UK War Debt Repayment
The UK repaid the final $83 million installment to the US on December 29, 2006, settling the wartime debt. John Maynard Keynes negotiated the deal for weapons and goods.
Lend-Lease Agreement
- US provided $37.5 billion to the UK during WWII.
- UK repaid $7.5 billion, with access to the Commonwealth as a countermeasure.
Current Mineral Treaty
- US seeks repayment option amidst American reluctance in the 'European war'.
- UK critics view the treaty as punishment to Ukraine and favoring Russia.
- Kiev faces a $100 billion repayment to Washington, creating economic concerns.
- UK pressures Ukraine to sign the deal post-Trump-Zelenski clash.
- Starmer criticizes Putin, emphasizing distrust towards Russia's demands.