Council of Foreign Ministers Files: Lot M–88: CFM London Documents

Memorandum by the Soviet Delegation to the Council of Foreign Ministers

C.F.M.(45) 19

Reparations From Italy

1.
Italy shall recognise her responsibility for the damage that she has caused to the Associated Powers by her participation in the war on Germany’s side; but, taking into consideration that Italy was the first to break with Germany and that she came over to the side of the Allies, it is concluded that the compensation for this damage to the Associated Powers will be made by Italy not in full but only in part.
2.
Italy shall pay reparations to the Associated Powers to the amount of . . . . . . dollars in kind (equipment of war factories, shipyards, including docks, cranes, machine tools etc).
3.
By way of making good war losses, Italy shall provide compensation to nationals of the United Nations, civilian persons, who are residents in Italy and have suffered personal damage, on terms which are not less favourable than those applied to Italian nationals.