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I don't know how obscure this is, but when I first learnt of it I was amazed that this was part of the background for the Austrian annexation of BiH. So, as far as I know, the thing here is that the Russian government and the Austrian government, through their respective foreign ministers, made the deal that in a general conference, Austria would support Russia's demands of a Bosphorus open for her navy, and Russia would support an Austrian annexation of Bosnia and Herzegovina. If I've got my facts straight, Austria jumped at the chance to annex Bosnia in 1908, after the Young Turk Revolution in the Ottoman Empire, and it was presented as a fait accompli, while Russia got nothing.

Your challenged here is, with a PoD close to the turn of the century(even a little before that, but no earlier than the ascent of Czar Nicholas II of Russia to the imperial throne), to have a general conference on the Balkans, that eventually results in the Great powers recognizing an Austrian annexation of Bosnia and Herzegovina, with the straits issue being resolved in Russia's favour. Could this have happened? If yes, how would it have affected Austro-Russian relations? Could it have signaled the beginning of a rapprochement between the two powers, as their interests in the Balkans would slowly begin to converge? Could this mean a Russia that abandons Pan-Slavism to exert influence more meaningfully in the Middle East and the former Ottoman Arabia, while Austria turns its focus towards Italy?

I'm guessing that a likely way to achieve that would be Austria doing nothing in 1908, and then, at some point in the 1910s, Turkey loses badly in a war with Italy and the Balkan League of OTL, that then results in a general conference on the Balkans, that is resolved with those two gains for Austria and Russia coming to pass.
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