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Mikhail Yaroslavich Embankment stretches for 450 meters along the Volga river bank. Previously, the Tver Kremlin was located in this place. Now it is one of the most favorite places for walking residents of Tver and guests of the city. The embankment offers a beautiful view of the Volga and the Old-Volzhsky Bridge. On the opposite side is the Afanasy Nikitin Embankment. 

In 1763, a fire broke out in the Tver Kremlin, which destroyed all wooden buildings. The only stone building of the Kremlin, the Transfiguration Cathedral, was partially damaged, but it was restored. In the western part of the former territory of the Kremlin, Empress Catherine II ordered the construction of the Imperial Travel Palace in Tver.  

A landscape Palace Garden was laid out in front of the Travel Palace, and a stone embankment was built on the river bank. It was named after Prince Mikhail Yaroslavich. Under him, the Tver Principality reached the highest power. He ruled in Tver at the turn of the 13th-14th centuries and fought with the Moscow princes. If the Tver princes had won, they would have led the unification of the Russian principalities into a single state. In this case, the capital of Russia would be Tver, not Moscow. However, the descendants of Mikhail Yaroslavich lost this struggle, and Tver became part of the Moscow Principality in 1485.  

In 1974, a Monument to Alexander Pushkin was erected at the exit from the Palace Garden to Mikhail Yaroslavich Embankment. To create this monument, sculptor Oleg Komov used drawings by Pushkin, which he made on the manuscript of the poem Eugene Onegin.  

In the eastern part of the Mikhail Yaroslavich Embankment there is a City Garden. The territory of its park zone is 9 hectares. The main alley of the City Garden rises from the Mikhail Yaroslavich Embankment to the Tver Drama Theater. Previously, there was a moat in front of the walls of the Tver Kremlin. Here you can go down to the water by a beautiful double staircase.