Iceland in the Cold War the military protection of the United States, even if the economic benefits of the US military presence are gone. With the withdrawal of US forces, the country's military co-operation with other allied NATO countries, such as Norway, has increased. Iceland in the Cold War Throughout the Cold War, the nation of Iceland was a member of the North Atlantic Treaty Organisation (NATO) and allied with the United States, hosting a US military presence in Keflavík Air Base from 1951 to 2006. In 1986, Iceland hosted a summit in Reykjavík between United States President Ronald Reagan and Soviet Premier Mikhail Gorbachev,
Foreign policy of the Ronald Reagan administration the Communist Party was forced to surrender its 73-year-old monopoly on state power. Soviet hardliners rebelled and staged a coup against Gorbachev, but it failed. Boris Yeltsin rallied Russians in the street while Gorbachev was held hostage. By December 1991, the union-state had dissolved, breaking the USSR up into fifteen separate independent states. Boris Yeltsin became leader of the new Russia. In her eulogy to Ronald Reagan at his funeral, former British Prime Minister Margaret Thatcher, whom Reagan worked very closely with during his tenure in office, said, "Others hoped, at best, for an uneasy cohabitation with the Soviet Union;