Peter the great

Russia’s complex relationship with the ruble

The most impressive banknote I have ever seen is the 500 ruble note produced by the Imperial Bank of Russia between 1905 and 1912. About four times the size of a modern £50 note, it is magnificently emblazoned with a portrait of Peter the Great and a profusion of cupids and classical pillars. It looks as high-denomination money should look – luxuriant, confidence-inspiring and valuable. The ruble (from ‘rubit’, to chop) was originally a chopped-off piece of Viking silver ingot Appearances can, of course, be deceptive. My Russian wife’s great-great-grand-father, the owner of the Volga Bread Bank of Saratov, unwisely chose to keep his considerable savings in the form of

Nothing is certain in Russia, where the past is constantly rewritten

Enforced brevity focuses the mind wonderfully. And when the minds in question are two of the West’s most interesting historians of Russia, the result is a distillation of insight that’s vitally timely. Sir Rodric Braithwaite was Britain’s ambassador to Moscow from 1988-92 during the collapse of the USSR (where he was the boss of Christopher Steele, of Trump dossier fame), then chaired the UK’s Joint Intelligence Committee. He went on to write the brilliant Afgantsy, a history of the USSR’s disastrous Afghan war and its impact on the Soviet Union’s collapse, and Moscow 1941, a people’s history of the heroic Soviet fight against Nazism. Sheila Fitzpatrick is an Australian historian

Putin is no Peter the Great

Putin has a penchant for history, but only insofar it flatters him and his views. Last year, he gifted the world a 5,000 essay that essentially pre-justified his invasion of Ukraine with amateurish fantasy history, and now he is comparing himself with Tsar Peter the Great. It is not a comparison that fits or flatters. Peter the Great is one of the, well, greats of the Russian historical pantheon. He ruled from the late 17th to the early 18th century, and in that time became the first tsar to travel in Europe, built a new capital at St Petersburg, and was both founder of the Russian navy and victor, on

Why autocracy in Russia always fails in the end

Churchill was wrong: Russia is neither a riddle nor an enigma. Russians themselves concoct endless stories to glorify their country’s achievements and minimise its disasters and crimes. But the rest of us do much the same, as we try to explain Britain’s imperial history or the impact slavery still has on America’s revolutionary ideals. Russia is little harder to understand than anywhere else. But you need to separate the facts from the myths, as Mark Galeotti does in A Short History of Russia, an informative, perceptive and exhilarating canter through 1,000 tumultuous years. He starts with two founding events, each a mixture of fact and myth. In the ninth century,