The conversation takes place soon after the IL-28 crisis, which gives Mikoyan a chance to patch up the relationship with trade agreements and promises of future aid and industrial cooperation. Near the end of the conversation, Guevara and Mikoyan discuss the theory of revolutionary struggle. Guevara shares his vision that “further development of the revolutions in Latin America must follow the line of simultaneous explosions in all countries.” Mikoyan cautions him, pointing to the Soviet experience and using the metaphor of the rebellion on the battleship “Potemkin.” Hinting at further disagreement ahead, he gently registers his disagreement with the Cuban leader’s drive to ignite revolution in the hemisphere.

The Soviet leadership discusses the state of Soviet foreign policy after the Hungarian crisis and Khrushchev’s visit to the US. Molotov criticizes Khrushchev for recklessness in foreign policy direction. Soviet inroads in the Middle East and the Third World are analyzed. The effects of the crises in Eastern Europe are placed in the context of the struggle against US imperialism.

Minutes of the meeting between Anastas Mikoyan, Fidel Castro, and other members of the Secretariat of the ORI in the Old Presidential Palace. The purpose of this meeting is to resolve differences between the Cuban and Soviet governments in order to protect Marxist principles. Among other things, they discuss economic sanctions against Cuba, military intervention by other Latin American countries, the importance of the Cuban revolution to Marxism, and Cuba's relationship with the United States.

The CPSU CC Presidium is confronted with reports from Hungary of mass demonstrations, armed counterrevolutionary groups, and the support for Nagy by the opposition. The CC is told about the Hungarian decision to declare neutrality and the likely confrontation between Soviet and Hungarian troops should the former continue to advance toward Budapest. Also discussed is the split within the HWP and possible Soviet responses.

Anastas Mikoyan and Mao Zedong converse about the mediation talks between the CCP and the Guomindang, Yugoslavia, coordination between the communist parties of the Asian countries, and the history of the CCP.

Kadar argues that the source of mistakes in the past resulted from the monopoly that a handful of Hungarians had on relations with the Soviet Union. Rakosi is singled out as a source for previous difficulties. Kadar believes that forming a new revolutionary government is the only way to undermine the violence of the counterrevolution and prevent Nagy from acting as cover for such activities. To garner support amongst workers, Kadar argues that the new government must not be a Soviet puppet.