Foreign Relations of the United States, 1946, Council of Foreign Ministers, Volume II

C.F.M. Files: Lot M–88: Box 2061: CFM Documents

Proposal by the Soviet Delegation to the Council of Foreign Ministers⁹⁹

secret
C.F.M.(46) 176

Paris, 30th June, 1946.

Peace Treaty With Italy Reparations

1. Italy admits liability for the damage done to the Associated Powers by her participation in the war on the side of Germany, but in view of the fact that Italy was the first of the Axis Powers to break with Germany and place herself on the side of the Allies, it is acknowledged that reparation for the said damage to the Associated Powers shall be made by Italy, not in full, but only in part.

2. Italy shall pay reparation over a period of six years to the Soviet Union to the amount of 100 million dollars. To cover this reparation the foreign assets of Italy in Roumania, Bulgaria and Hungary, the equipment of war factories and current industrial production shall be utilized.

3. In compensation for the damage done to Yugoslavia, Greece and Albania, Italy shall pay reparation to these countries to the amount of 200 million American dollars over a period of six years.

99. This proposal was discussed by the Council of Foreign Ministers at its 34th Meeting, July 4, 1946; see the United States Delegation Record of that meeting, p. 753.