Coordinates 59°59'N 32°18'E? / ?59.983°N 32.3°E? / 59.983; 32.3Old Ladoga's inhabitants were Norsemen, Finns, and Slavs, hence different names for the city. The original Finnish name, Alode-joki (i.e., "lowland river"), was rendered as Aldeigja in Norse language and as Ladoga (??????) in Old East Slavic.
According to the Hypatian Codex, the legendary Varangian leader Rurik arrived at Ladoga in 862 and made it his capital. Rurik's successors later moved to Novgorod and then to Kiev, thus laying foundations for the powerful state of Kievan Rus. There are several huge kurgans, or royal funerary barrows, at the outskirts of Ladoga. One of them is said to be Rurik's grave, and another one—that of his successor Oleg. The Heimskringla and other Norse sources mention that in the late 990s Eiríkr Hákonarson of Norway raided the coast and set the town ablaze. Ladoga was the most important trading center in Eastern Europe from about 800 to 900 CE, and it is estimated that between 90 to 95% of all Arab dirhams found in Sweden passed through Ladoga.
Ladoga's next mention in chronicles is dated to 1019, when Ingigerd of Sweden married Yaroslav of Novgorod. Under the terms of their marriage settlement, Yaroslav ceded Ladoga to his wife, who appointed her father's cousin, the Swedish earl Ragnvald Ulfsson, to rule the town. This information is confirmed by sagas and archaeological evidence, which suggests that Ladoga gradually evolved into a primarily Varangian settlement. At least two Swedish kings spent their youths in Ladoga, king Stenkil and Inge I, and possibly also king Anund Gårdske.