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Home / World / Mineral Treaty Evokes 1941: US-UK War Debt Repayment

Mineral Treaty Evokes 1941: US-UK War Debt Repayment

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.
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