The Treaty of Nystad (Uusikaupunki)

Sulge

Previous negotiations had failed due to the stubbornness of both parties. A new attempt was made in
April 1721, when a peace congress began at Uusikaupunki (Nystad) in Finland.
The Russians send cossack raiding parties to Sweden's coastal areas almost daily, and had four towns and hundreds of estates burned to the ground.

Sweden was pressured by England, who had been impatiently waiting for the crippled trade on the Baltic Sea to resume.
On August 30, 1721, a peace was finally made, by which Sweden ceded the areas of Estonia, Livonia, Ingaria, and a part of Karelia, Viipuri and Käskisalmi, but got back territories in Finland.

Russia was obligated to pay two million rigsdaler as amends for Livonia. Sweden received the right to purchase 50,000 rubles worth of grains, toll free, from the Baltic ports. But this was no where near the amount of grain Sweden had hauled before the war.

Source: Eesti ajalugu. IV, Põhjasõjast pärisorjuse kaotamiseni. Tartu: Ilmamaa. 2003
Eesti ajaloo atlas. Tallinn: Avita, 2006.                                                                                                

Image source: A. Mäesalu, T. Lukas, M. Laur, T. Tannberg Eesti ajalugu I Avita 1997. lk 54