After the Soviets capture Viipuri (nowadays Vyborg, Russia), the final terms of the armistice between the USSR and Finland are concluded in Moscow. Finland is to give up the whole of the Karelian Istmus, including Viipuri, terrortory in the waist of the country near Salla and the Rybachiy Peninsula near Mumansk and is to grant a lease on the port of Hanko to the soviets. Petsamo is returned to the Finns. When the recent Soviet military successes are taken into account these terms can be described as fairly moderate.
In a final bid to prevent the Finns agreeing to an armistice, Chamberlain and Daladier announce that Britain and France will send help to Finland. The plan to do so is shelved when the Finns conclude their agreement with the Soviets and with it is abandoned the scheme to block the supply of Swedish iron ore to Germany. The Finns have never had more than 200,000 men in the fight and have lost 25,000 dead and 45,000 wounded. Altogether the war has absorbed, on the Soviet side, 1,200,000 men, 1500 tanks and 3000 planes. This disparity in losses suggest to Allied and Axis observers that the effect of Stalin's officer purges have still not been overcome.