Racconigi Bargain
Encyclopedia
On October 24, 1909, King Victor Emmanuel III of Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

 and Nicholas II of Russian Empire
Russian Empire
The Russian Empire was a state that existed from 1721 until the Russian Revolution of 1917. It was the successor to the Tsardom of Russia and the predecessor of the Soviet Union...

 concluded an agreement at Racconigi
Racconigi
Racconigi is a town and comune in Piedmont, Italy. It is located in the province of Cuneo, south of Turin, and north of Cuneo by rail.The economy is mostly based on agriculture, production of milk and meat, and industrial working of metal sheets....

, known as the Racconigi Bargain.

It states that:
  • if Russia or Italy are to conclude agreements concerning the 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
    Tripoli
    Tripoli is the capital and largest city in Libya. It is also known as Western Tripoli , to distinguish it from Tripoli, Lebanon. It is affectionately called The Mermaid of the Mediterranean , describing its turquoise waters and its whitewashed buildings. Tripoli is a Greek name that means "Three...

     and Cyrenaica
    Cyrenaica
    Cyrenaica is the eastern coastal region of Libya.Also known as Pentapolis in antiquity, it was part of the Creta et Cyrenaica province during the Roman period, later divided in Libia Pentapolis and Libia Sicca...

    .


However, Italy and Russian Empire concluded another agreements with Austro-Hungarian Empire
Austria-Hungary
Austria-Hungary , more formally known as the Kingdoms and Lands Represented in the Imperial Council and the Lands of the Holy Hungarian Crown of Saint Stephen, was a constitutional monarchic union between the crowns of the Austrian Empire and the Kingdom of Hungary in...

a few days later disregarding this agreement.
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