Racconigi Bargain

On 24 October 1909 King Victor Emmanuel III of Italy and Nicholas II of Russian Empire concluded an agreement at Racconigi, known as the Racconigi Bargain.

It states that:

If Russia or Italy are to conclude agreements concerning Eastern Europe with another Power in future, the other party of this agreement must also participate in such new agreement.
Italy recognizes the Bosphorus should be controlled by Russia while in return Russia recognizes Italian interests in Tripoli and Cyrenaica.

References

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Diplomacy of the Great Powers 1871–1913
Great powers	Austria–Hungary France Germany Italy Japan Russia United Kingdom United States
Alliances	Triple Alliance Dual Alliance Triple Entente Franco-Russian Alliance Entente Cordiale Anglo-Russian Entente Anglo-Japanese Alliance
Trends	Ottoman Decline Eastern Question Revanchism New Imperialism Scramble for Africa Pan-Slavism The Great Game The Great Rapprochement
Treaties and agreements	Treaty of Frankfurt League of the Three Emperors Treaty of Berlin Reinsurance Treaty Treaty of Paris Treaty of Björkö Taft–Katsura Agreement Japan–Korea Treaty of 1905 Japan–Korea Annexation Treaty Racconigi agreement
Events	Austro-Italian ironclad arms race Congress of Berlin Berlin Conference Weltpolitik German Naval Laws Anglo-German naval arms race Dreadnought Fashoda Incident Annexation of Hawaii First Moroccan Crisis Algeciras Conference Agadir Crisis Bosnian crisis
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