"After a long meeting between Soviet President Mikhail Gorbachev and President of the Russian Federation Boris Yeltsin, a spokesman for the latter announces that the Soviet Union will officially cease to exist on or before New Year's Eve. Yeltsin declared that, "There will be no more red flag." It was a rather anti-climactic culmination of events leading toward the dismantling of the Soviet Union."
"On the evening of Oct. 12, 1986, the Reykjavik Summit appeared to have ended in failure for President Reagan. Two days of talks between him and Mikhail Gorbachev over the reduction of their nations' vast missile arsenals had resulted in Reagan walking out at the last minute.
The issue? Gorbachev wouldn't agree to any agreement unless the U.S. ceased its research on the Strategic Defense Initiative (SDI).
Reagan said no."
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