The Russian annexation of Bessarabia was acknowledged by the Ottoman Empire in the Treaty of Bucharest and Bănulescu was named in charge with organizing the archdiocese of Bessarabia.
He took part in the peace negotiations' economical parts during the Treaty of Brest-Litovsk and Treaty of Bucharest.
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This situation was ended by the October Revolution in Russia and the Treaty of Brest-Litovsk between the Bolshevik government and the Central Powers: Romania saw itself without reinforcements, agreed to an armistice, and then signed the Treaty of Bucharest in May 1918.
Voukourestiou Street (Greek: Οδός Βουκουρεστίου, Odos Voukourestiou) named after the Treaty of Bucharest, which in 1913 ended the second Balkan War, is a rather narrow street in the Kolonaki district of Athens known for its high-end boutiques.