The first Russian embassy to England, 1557


Illustration by Frederick Gilbert (1827-1902) from Cassell's illustrated history of England published circa 1896 Info from wiki: The Muscovy Company (also called the Russian Company or the Muscovy Trading Company, Russian: Московская компания, Moskovskaya kompaniya) was an English trading company chartered in 1555. It was the first major chartered joint stock company, the precursor of the type of business that would soon flourish in England, and became closely associated with such famous names as Henry Hudson and William Baffin. The Muscovy Company had a monopoly on trade between England and Muscovy until 1698 and it survived as a trading company until the Russian Revolution of 1917. The Company of Merchant Adventurers to New Lands was rechartered as the Muscovy Company by Mary I of England in 1555,[5] and in the same year Chancellor left for Russia again. The Muscovy Company became an important diplomatic link between Muscovy and England, and was especially valued by the isolated Muscovy. Upon his arrival to the court of Ivan IV, Chancellor secured a number of privileges within Russia for the company, including free passage, control of English settlement, and freedom from arrest.[6] When Chancellor returned to England one year later in 1556, he was joined by the first Russian ambassador to England, Osip Nepeya. However at this juncture Chancellor's luck finally ran out. Off the Scottish coast, his ship was caught in a sudden storm and shipwrecked. Chancellor drowned, but Nepeya managed to reach the coast, where he was taken hostage by the Scots for a few months before they allowed him to travel on to London


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