This monument was created in 1817, on the place where the house of Cossack Vasyl Magdenko was: here Tsar Peter the Great rested after the Battle of Poltava. In 1847, instead of the first and already dilapidated version of the monument, Emperor Nicholas I ordered to erect a new one, made of bronze, according to a project compiled by Professor of architecture A. P. Bryullov.

The new Monument at the rest-place of Peter I was cast in Saint Petersburg, brought to Poltava and then opened on 27th of June 1849 on the anniversary of the Battle of Poltava.

Sources: Monument to Rest of Peter the Great