Novaya Ladoga of the Ladoga Military Flotilla during World War II. Novaya Ladoga Novaya Ladoga () is a town in Volkhovsky District of Leningrad Oblast, Russia, located at the point where the Volkhov River flows into Lake Ladoga, east of St. Petersburg. Population: The Nikolo-Medvedsky (St. Nicholas) Monastery stood on the site of the modern town since the 15th century, but the nearby "sloboda" was long overshadowed by the first Russian capital, Staraya Ladoga, located just a few miles upstream. In 1702–1704, during the Great Northern War, Peter the Great established a shipyard there, fortified the monastery, and ordered the population of
Staraya Ladoga his successor Oleg. The Heimskringla and other Norse sources mention that in the late 990s Eric Haakonsson of Norway raided the coast and set the town ablaze. Ladoga was the most important trading center in Eastern Europe from about 800 to 900 CE, and it is estimated that between 90% to 95% of all Arab dirhams found in Sweden passed through Ladoga. Ladoga's next mention in chronicles is dated 1019, when Ingigerd of Sweden married Yaroslav of Novgorod. Under the terms of their marriage settlement, Yaroslav ceded Ladoga to his wife, who appointed her father's cousin, the Swedish earl Ragnvald