Arkhangelsk 1553; two disappeared, and one ended up in the White Sea, eventually coming across the area of Arkhangelsk. Ivan the Terrible found out about this, and brokered a trade agreement with the ship's captain, Richard Chancellor. Trade privileges were granted to English merchants in 1555, leading to the founding of the Company of Merchant Adventurers, which began sending ships annually into the estuary of the Northern Dvina. Dutch merchants also started bringing their ships into the White Sea from the 1560s. Scottish and English merchants also traded in the 16th century; however, by the 17th century it was mainly the
Lake Onega area containing the Kondopozhskaya (, depth up to ), Ilem-Gorskaya (), Lizhemskoy () and Unitskoy () bays. To the southwest of Greater Onega lies Petrozavodskoye Onego () containing the large Petrozavodsk and small Yalguba and Pinguba bays. To the east of Zaonezhye there is a bay, northern part of which is called Povenetsky Bay and the southern part is Zaonezhsky Bay. There, deep sections alternate with banks and islands which split the bay into several parts. The southernmost part of them, Lesser Onega, is deep. All the shores there are rocky. The average depth of the lake is , and