MOSCOW, July 13. /TASS/. Russia’s first statue of Czar Ivan the Terrible will be unveiled in the city of Oryol on August 3, regional governor Vadim Potomsky said at a news conference on Wednesday.

"He [Ivan the Terrible] founded the city 450 years ago," Potomsky said.

The city located some 320 kilometers to the south of Moscow was founded in 1566 as a fortress to protect Russia’s southern borders.