Volga Trade Route

In the Middle Ages, the Volga trade route connected Northern Europe and Northwestern Russia with the Caspian Sea, via the Volga River. The Rus used this route to trade with Muslim countries on the southern shores of the Caspian Sea, sometimes penetrating as far as Baghdad. The route functioned concurrently with the Dnieper trade route, better known as the trade route from the Varangians to the Greeks, and lost its importance in the 11th century.

The Volga trade route was established by the Varangians (Vikings) who settled in Northwestern Russia in the early 9th century. About 10 km (6 mi) south of the Volkhov River entry into Lake Ladoga, they established a settlement called Ladoga (Old Norse: Aldeigjuborg). Archaeological evidence suggests Rus trading activities along the Volga trade route as early as the end of the 8th century. The earliest and the richest finds of Arabic coins in Europe were discovered on the territory of present-day Russia, particularly along the Volga, at Timerevo in the district of Yaroslavl. A hoard of coins found at Petergof, near Saint Petersburg, contains twenty coins with graffiti in Arabic, Turkic (probably Khazar) runic, Greek, and Old Norse runic, the latter accounting for more than half of the total. These coins include Sassanid, Arab, and Arabo-Sassanid dirhams, the latest of them dated to 804-805. Having examined major finds of Arabic coins in Eastern Europe, Valentin Yanin conclusively demonstrated that the earliest monetary system of early Russia was based on the early type of dirham minted in Africa.

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