The cavalry of Oleg, encountering no serious opposition, burnt and
plundered all the neighboring regions. The beautiful villas of the
wealthy Greeks, their churches and villages all alike fell a prey to
the flames. Every species of cruelty and barbarity was practiced by
the ruthless invaders.

The effeminate Greeks from the walls of the city gazed upon this sweep
of desolation, but ventured not to march from behind their ramparts
to assail the foe. Oleg draw his barges upon the shore and dragged
them on wheels towards the city, that he might from them construct
instruments and engines for scaling the walls. The Greeks were so
terrified at this spectacle of energy, that they sent an embassage to
Oleg, imploring peace, and offering to pay tribute. To conciliate the
invader they sent him large presents of food and wine. Oleg,
apprehensive that the viands were poisoned, refused to accept them. He
however demanded enormous tribute of the emperor, to which terms the
Greeks consented, on condition that Oleg would cease hostilities, and
return peaceably to his country. Upon this basis of a treaty, the
Russian array retired to some distance from the city, and Oleg sent
four commissioners to arrange with the emperor the details of peace.
The humiliating treaty exacted was as follows:

=I.= The Greeks engage to give twelve _grivnas_ to each man of the
Russian army, and the same sum to each of the warriors in the cities
governed by the dependent princes of Oleg.

=II.= The embassadors, sent by Russia to Constantinople, shall have
all their expenses defrayed by the emperor. And, moreover, the emperor
engages to give to every Russian merchant in Greece, bread, wine,
meat, fish and fruits, for the space of six months; to grant him free