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The accord was signed in the aftermath of the Smolensk War.
The negotiations begun on 30 April.
Overall, the agreement confirmed the pre-war status quo, with Russia paying a large war indemnity ( 20, 000 rubles in gold ) for Wladislaus IV agreeing to surrender his claim to the Russian throne and return the royal insignia to Russia.
Władysław, despite holding an upper hand, was trying to bring the Russia into an anti-Sweden alliance ; hence in a gesture of goodwill he agreed to give the Russians the border town of Serpeysk and nearby territories.
However, the alliance never came through, as the Polish Sejm, unwilling to fight Sweden after the Treaty of Sztumska Wieś, subsequently objected, and Russians saw no benefit in such an alliance.
The sides also reached an agreement on prisoner exchange and a trade treaty.

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