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Muscovy Company| Company founded 1555 to foster trade with Russia via the Arctic seas, after attempts to find a northerly route to China in 1553 opened the way for trade with Russia. Furs, timber, and naval supplies were traded for cloth and weapons. The first voyage after Queen Mary granted a charter was financed by the sale of 250 shares at £25 each. The Company lost its monopoly 1698, but extended its trade overland through Muscovy to Persia. It survived until the Russian Revolution 1917. |
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