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According to the Primary Chronicle, Oleg was a relative ( likely brother-in-law ) of the first ruler, Rurik, and was entrusted by Rurik to take care of both his kingdom and his young son Ingvar, or Igor.
Oleg gradually took control of the Dnieper cities, captured Kiev ( previously held by the Varangian warlords, Askold and Dir ) and finally moved his capital from Novgorod there.
The new capital was a convenient place to launch a raid against Tsargrad ( Constantinople ) in 911.
According to the chronicle, the Byzantines attempted to poison Oleg, but the Rus ' leader demonstrated his oracular powers by refusing to drink the cup of poisoned wine.
Having fixed his shield to the gate of the imperial capital, Oleg won a favourable trade treaty, which eventually was of great benefit to both nations.
Although Byzantine sources did not record these hostilities, the text of the treaty survives in the Primary Chronicle.

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