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In OTL November 1940 meeting in Berlin, Molotov wanted Soviet influence in Bulgaria and Finland, lets say in this time line Stalin is worried about a 1941 German attack and gives instructions to demand little.
Stalin figures he has already got a good chunk of territory to ingest already and if he can get through 1941 and maybe even 1942, the Soviets would be through the danger zone.

Hitler is pleased at Soviet acceptance of the new realities. The Soviets sign the pact, theoretically committing them to declare war on the USA if the USA declares war on German or Japan. A risk but at least he has powerful countries between the USA and the Soviets if this happens, and he would only do a Russia 1808 sort of war against the western powers anyway.

So then this is November 1940, Germany scraps Barbarossa plans for 1941, Mussolini has already invaded Greece, Franco and Petain have already refused any alliance. Battle of Britain is already lost.

What is the German strategy in this time line?
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