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The importance of this treaty is that this was the end of Russia's involvement in WW1, meaning one less competitor for Germany to fight against.

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The treaty of Bolshevik was signed by both parties on March 3rd of 1918, this was close to then end of WW1.

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The treaty of Brest-Litovsk was signed by both the central powers(Germany,Austria-Hungary,Bulgaria, and ottoman empire) as well as the bolshevik government of Russia.