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 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 and Cyrenaica.