Peace of Moscow
The Moscow Peace Treaty was signed on 12 March 1940 and went into effect the following day. Finland ceded a portion of Karelia – the entire Karelian Isthmus as well as a large swath of land north of Lake Ladoga. The area included Finland's second largest city of Viipuri, much of Finland's industrialised territory, and significant parts still held by Finland's army – all in all, 11% of the territory and 30% of the economic assets of pre-war Finland. Twelve percent of Finland's population, some 422,000 Karelians, were evacuated and lost their homes.
Finland also had to cede a part of the region of Salla, the Kalastajansaarento peninsula in the Barents Sea, and four islands in the Gulf of Finland. The Hanko Peninsula was leased to the Soviet Union as a military base for 30 years. The region of Petsamo, captured by the Red Army during the war, was returned to Finland according to the treaty.
Read more about this topic: Winter War
Famous quotes containing the words peace of, peace and/or moscow:
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—Bible: New Testament, Philippians 4:7.
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