![]() Date: 2024-08-16 Page is: DBtxt003.php txt00018523 | |||||||||
History | |||||||||
Burgess COMMENTARY Peter Burgess | |||||||||
Answer · The United States of America · Topic you might like What did the Russians pay back for all the supplies that were sent to them during WW2 by Britain and the USA? Dave Hopkin Dave Hopkin, former Troop Commander at Brtish Army (1977-1984) Answered 17h ago · Upvoted by Martin L Walden, Graduate of USA Infantry Officer's School. Year in Vietnam as platoon leader. The aid sent to the Soviet Union was under several different agreements Stage 1 British Assistance - June 41and May 1945 Britain sent war material free of charge to the Soviet Union 3,000+ Hurricanes aircraft 4,000+ other aircraft 27 naval vessels 5,218 tanks (including 1,380 Valentines from Canada) 5,000+ anti-tank guns 4,020 ambulances and trucks 323 machinery trucks (mobile vehicle workshops equipped with generators and all the welding and power tools required to perform heavy servicing) 1,212 Universal Carriers and Loyd Carriers (with another 1,348 from Canada) 1,721 motorcycles £1.15bn worth of aircraft engines 1,474 radar sets 4,338 radio sets 600 naval radar and sonar sets Hundreds of naval guns 15 million pairs of boots As far as the US is concerned June 41 to Sept 41 - All good from the US were paid for “COD” in gold bullion 1st Lend Lease Protocol Oct 41 to June 42 - All goods were to be manufactured in Britain and financed by US Credit to the United Kingdom The 2nd Protocol of July 42 established “Lend Lease” as is commonly understood and as renewed annually in the 3rd and 4th Protocols where good would be manufactured in the US and supplied to be returned at the end of the war or paid for There was also Reverse Lend Lease where allied Nations supplied the US with material (mostly food and raw materials) the Soviet Union supplied to the US 300,000 tons of Chrome Ore, 32,000 tons of Manganese Ore and large supplies of Platinum Post War Repayments While repayment of the interest-free loans was required after the end of the war under the act, in practice the U.S. did not expect to be repaid by the USSR after the war. The U.S. received $2M in reverse Lend-Lease from the USSR. This was mostly in the form of landing, servicing, and refueling of transport aircraft; some industrial machinery and rare minerals were sent to the U.S. The U.S. asked for $1.3B at the cessation of hostilities to settle the debt, but was only offered $170M by the USSR. The dispute remained unresolved until 1972, when the U.S. accepted an offer from the USSR to repay $722M linked to grain shipments from the U.S., with the remainder being written off. During the war the USSR provided an unknown number of shipments of rare minerals to the US Treasury as a form of cashless repayment of Lend-Lease. This was agreed upon before the signing of the first protocol on October 1, 1941, and extension of credit. Some of these shipments were intercepted by the Germans. In May 1942, HMS Edinburgh was sunk while carrying 4.5 tonnes of Soviet gold intended for the U.S. Treasury. This gold was salvaged in 1981 and 1986. In June 1942, SS Port Nicholson was sunk en route from Halifax, Nova Scotia to New York, allegedly with Soviet platinum, gold, and diamonds aboard; the wreck was discovered in 2008. However, none of this cargo has been salvaged, and no documentation of its treasure has been produced. |