What if: League of Emperors betray their Allies in late 1916

I don’t think that any historical proposal was ever out fourth, so this is very hypothetical.

Let’s say Nicholas realized the extent that Russia was falling apart in late 1916, seeing their exhaustion the breakdown of their society and infrastructure, the sheer economic cost, the probability of defeat, and the probability of the end of their dynasty. Karl has just taken the thrown and sends out a peace offer immediately. Russia and Austria begin negotiations and more or less decide that on a status quo ante bellum, but in order to give the public a perception of victory they allow each other to continue their wars on other fronts. They bring Germany in on this and the Germany ultimately decides that as Turnip Winter begins this is their best option.

So Germany, Austria-Hungary, and Russia agree to throw their allies under the bus in around Christmas, and agree to return to their prewar borders.

Russia can continue to pursue its war against the Ottoman Empire and take whatever it can. Russia tells Germany and Austria that they can do what they want with France, Italy, Belgium, Serbia, and Romania if they win. Germany could try citing the Armenian Genocide as a reason to stop supporting the OE; I don’t know if Russia can come up with an excuse. Note: Russia is not going to war with its old allies and Germany/AH are not going to war with the Ottoman Empire.

Trade is able to resume between Russia and the CP at the start of 1917.

What is the fallout here?
 
Does this save the Czar? Does it prevent Unrestricted Submarine Warfare and the Zimmerman Telegram? Does the Ottoman Empire makes a separate peace with Britain and France? Does this effect Greek entry into the war?
 
et’s say Nicholas realized the extent that Russia was falling apart in late 1916
He did, he pushed to a victory so could france turn the table..we saw how he ended up OTL. There not way they would abandon the entete is literally feeding russia via credits, we could get an early white republic early
 
It seems like a much more complex diplomatic option than Russia simply exiting the war, right? It's a negotiated peace with two of the three main Central powers, leaving it to spar in the Caucuses against Turkey for very marginal gains in very difficult fighting. Technically, it keeps open the possibility of Russia taking Constantinople, but there's no way that Germany or Austria would allow anything like that, and more importantly, it means that there's still no peace.

It would also mean that they blow the diplomatic coup of having Russia betray its allies by simultaneously betraying their own.
 
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