Stalin and Fierlinger discuss the issues of Transcarpathian Ukraine, tobacco in Czechoslovakia, American troops in Czechoslovakia, the Teshin Region, and the development of the Czechoslovak army.

Stalin and Hungarian President Zoltán Tildy discuss the draft of the treaty of friendship, cooperation and mutual assistance between Hungary and the Soviet Union. They also discuss Hungarian relations with its neighbors, Romania and Czechoslovakia, and the internal situation in Hungary.

The parties agree to assist one another in the collection of intelligence information on political, economic, scientific and technical matters and exchange information on suspicious contacts of Czechoslovak and Soviet citizens suspected to be spies or subversive. Both agree to the exchange of counter-intelligence regarding Czechoslovak and Soviet citizens working in scientific organizations and international exhibitions, fairs and congresses. Steps are outlined to protect railroad cargo using troops from Warsaw Pact states, prevent eavesdropping of telecommunications and detect and prevent foreign terrorist attacks on Czechoslovak and Soviet airplanes and anti-socialist interruption of international trucking lines. Special mention is made of multiple international transportation organizations that need to be monitored. Information-sharing procedures are agreed to for commercial and industrial firms, banks, scientific centers and international scientific organizations.

Khrushchev describes the events of the counterrevolution in Hungary and the crisis in Poland. He recounts the CPSU's consultations with other communist parties in the socialist camp to determine their attitude toward Soviet intervention, particularly in Hungary. Leaders from China, Czechoslovakia, Romania, and Yugoslavia agreed with the Soviet position, but Polish leaders opposed the presence of Soviet troops in Hungary. Khrushchev reports that following these meetings, the CPSU CC Presidium decided to prepare for an attack on the counterrevolutionary forces in Hungary. He then reads aloud an open letter which declares the Hungarian Revolutionary Workers and Peasants Government. He gives details about the suppression of the counterrevolution by Soviet armed forces and the positive reaction of the socialist countries. He states that the lessons of the counterrevolution are to improve relations with the fraternal parties and the socialist countries and to treat them with respect; to improve political work among students and the masses so that they are not mislead by counterrevolutionaries; and to strengthen the Soviet Army.