The United Kingdom established trade with Soviet Russia, the first nation to officially do so. It can be questioned whether or not it was wise to do so, as the Soviets were failing economically and would be for a long time thereafter. With an economic theory based on force and a history of failure, foreign cash would help keep it alive.
On the same day, the Soviets entered into the Treaty of Moscow with Ataturk's government, which was not widely recognized at the time as the legitimate government of Turkey. It was a treaty of friendship and remains in effect.
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