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He expected that the war would be the best opportunity to weaken both the Western nations and Nazi Germany, and make Germany suitable for "Sovietization". The Soviet Union also expected territorial expansion to the Baltic countries and Poland with the approval of Western powers and Germany.
The opinions voiced by Stalin formed the base for the Nazi-Soviet pact of non-aggression.
Note: The very fact that this speech was ever given is still being widely disputed by historians. No positive record exists of this speech or of a Politburo meeting taking place on August 19, 1939.