Cold War to the Kremlin's military and political concessions, Reagan agreed to renew talks on economic issues and the scaling-back of the arms race. The first summit was held in November 1985 in Geneva, Switzerland. At one stage the two men, accompanied only by an interpreter, agreed in principle to reduce each country's nuclear arsenal by 50 percent. A second summit, was held in October 1986, Reykjavík, Iceland. Talks went well until the focus shifted to Reagan's proposed Strategic Defense Initiative, which Gorbachev wanted eliminated. Reagan refused. The negotiations failed, but the third summit in 1987 led to a breakthrough with the
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;