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Russia Basks in Iceland Bailout Request

A look at what Putin gainsnewfound economic might

It's mere coincidence, of course. But to Vladimir Putin, the man who called the Soviet Union's demise the "greatest geopolitical catastrophe" of the 20th century, just the thought of saving Iceland's hide must seem like redemption.

In 1986 Iceland hosted the Reykjavik summit between Ronald Reagan and Mikhail Gorbachev, a meeting momentous for its unplanned evolution into a conversation on nuclear disarmament between the two leaders—but also as a catalyst for the 1991 August coup against Gorbachev that sparked the USSR's implosion.