Treaty of Peace with Italy, 1947 Treaty of Peace with Italy, 1947 The Treaty of Peace with Italy (one of the Paris Peace Treaties) was signed on 10 February 1947 between Italy and the victorious powers of World War II, formally ending hostilities. It came into general effect on 15 September 1947. Italy Counterpart: Italian Somaliland was under British administration until 1949 when it became a United Nations Trust Territory under Italian administration. Italian Somaliland combined with British Somaliland on 1 July 1960 and together they became the Somali Republic. Italy was obliged to pay the following war reparations (article 74): The amounts were valued in
Latvian–Soviet Peace Treaty for recovering its industrial infrastructure, much of which had been taken to Russia. Agriculture and the requisite land reform became the focus for economic development in the new state. Latvian–Soviet Peace Treaty The Latvian–Soviet Peace Treaty, also known as the Treaty of Riga, was signed on 11 August 1920 by representatives of the Republic of Latvia and Soviet Russia. It officially ended the Latvian War of Independence. In Article II of the treaty, Soviet Russia recognised the independence of Latvia as inviolable "for all future time". After World War I, Soviet Russia wanted to regain Latvia, since it had once