Racconigi Bargain

On October 24, 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.

However, Italy and Russian Empire concluded another agreements with Austro-Hungarian Empire a few days later disregarding this agreement.

References

The Racconigi Bargain

Diplomacy of the Great Powers 1871–1913

Great Powers	Ottoman Empire 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 Empire (Decline (Eastern Question) - Dissolution (Partitioning)) Revanchism New Imperialism (Scramble for Africa) Pan-Slavism The Great Game The Great Rapprochement

Treaties 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	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

Wars	Russo-Turkish First Sino-Japanese Spanish–American Banana Wars Philippine–American Boxer Rebellion Second Boer Russo-Japanese Italo-Turkish Balkan