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Spring 1942 - Allies command the Med but the Axis bombers force the Allied ships to flee into Malta and Alexandria harbours. Germany smashes another Russian Army, paving the way for further advance.

Japan sits tight for another turn, US WR below 32. Will Roosevelt join at all or negotiate?[:D]

We skipped a few turns but in Fall 1942 the Axis powers reached AV level which the Allies could not counter. In brief Russia was beaten and Japan snatched enough resources in DEI to secure peace.