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Seward and Russian envoy Baron Edouard de Stoeckl signed the Treaty of Cession. With a stroke of a pen, Tsar Alexander II had ceded Alaska, his country's last remaining foothold in North America, to the United States for US$7.2 million.
Alaska was a territory of the Russian empire in the late 18th and 19th centuries but was purchased by the U.S. in 1867 for $7.2 million. Fort Ross, located near San Francisco, was sold to a private buyer in 1841. Russia has never formally asserted claims to Alaska or land in California.
Defeat in the Crimean War further reduced Russian interest in this region. Russia offered to sell Alaska to the United States in 1859, believing the United States would off-set the designs of Russia's greatest rival in the Pacific, Great Britain.
On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million. The Treaty with Russia was negotiated and signed by Secretary of State William Seward and Russian Minister to the United States Edouard de Stoeckl.