Racconigi Bargain

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Events leading to World War I
Unification of Germany 1866–1871 Franco-Prussian War 1870–1871 Second Concert of Europe 1871 Great Eastern Crisis 1875–1878 Campaign in Bosnia 1878 Dual Alliance 1879 Boer Wars 1880–1902 Austro–Serbian Alliance 1881–1903 Triple Alliance 1882 Berlin Conference 1884 Bulgarian Crisis 1885–1888 Reinsurance Treaty 1887–1890 Franco-Russian Alliance 1894 First Sino-Japanese War 1894–1895 Anglo-German naval arms race 1898–1912 Fashoda Incident 1898 Anglo-Japanese Alliance 1902 May Coup 1903 Russo-Japanese War 1904–1905 Entente Cordiale 1904 First Moroccan Crisis 1905–1906 Pig War 1906–1908 Anglo-Russian Convention 1907 Young Turk Revolution 1908 Bosnian Crisis 1908–1909 Racconigi Bargain 1909 Second Moroccan Crisis 1911 Italo-Turkish War 1911–1912 Balkan Wars 1912–1913 Assassination of Franz Ferdinand 1914 July Crisis 1914
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The Racconigi Bargain (Italian: L'accordo di Racconigi, Russian: сделка в Раккониджи, also known in Russia as the Russo-Italian Agreement, Русско-итальянское соглашение) was a secret agreement between King Victor Emmanuel III of Italy and Tsar Nicholas II of the Russian Empire, concluded on 24 October 1909 at the Castle of Racconigi, in Italy.

Its terms included:

• If Russia or Italy concluded agreements concerning Eastern Europe with another power, the other party of the agreement would also participate in such new agreement.
• Italy recognised that Russian interests in the Turkish Straits should be controlled by Russia. In return, Russia recognised Italian interests in Tripoli and Cyrenaica.^[1]

From Italy's point of view, the Racconigi Bargain facilitated Italy's preparations for the Italo-Turkish War two years later during which Italy conquered Tripoli and Cyrenaica.