Over 300 years ago, in 1721 in the city of Nystad, Finland, a peace treaty was signed between the Tsardom of Russia and the Swedish Empire, concluding the Northern War. In memory of this, Tsar Peter the Great rewarded his soldiers and officers with silver medals.

The obverse side shows Noah’s Ark on a wave-covered sea, the sky above with clouds throughout, a dove flying overhead carrying an olive branch, and city-scapes of “St Petersburg” to the left and “Stockholm” to the right. A rainbow links the two cities with the inscription “Linked by a Union of Peace” in Russian curved above the rainbow.