Staraya Ladoga Staraya Ladoga Staraya Ladoga (); ; ) is a rural locality (a "selo") in Volkhovsky District of Leningrad Oblast, Russia, located on the Volkhov River near Lake Ladoga, north of the town of Volkhov, the administrative center of the district. It used to be a prosperous trading outpost in the 8th and 9th centuries. A multi-ethnic settlement, it was dominated by Scandinavians who were called by the name of Rus'. For that reason, it is sometimes called the first capital of Russia. Dendrochronology suggests that Ladoga was founded in 753. Until 950, it was one of the most important trading
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