Racconigi Bargain

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 Italian Castle of Racconigi.

Its terms included:
 * If Russia or Italy were 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 recognized Russian interests in the Turkish Straits should be controlled by Russia while in return Russia recognized Italian interests in Tripoli and Cyrenaica.

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