Berezan' Runestone
The Berezan' Runestone (X UaFv1914;47) was discovered in 1905 by Ernst von Stern, professor at Odessa, on Berezan' Island (also known as the Island of St Aitherios) where the Dnipro River meets the Black Sea. The runestone is  wide,  high and  thick, and kept  in the museum of Odesa. It was made by a Varangian (Viking) trader named Grani in memory of his business partner Karl. They were probably from Gotland, Sweden.

Location

Berezan' is located in the Black Sea not far from the mouth of the Dnipro River. Its bays gave shelter to the Scandinavian ships that passed it on the trade route from the Varangians to the Greeks. Sven B.F. Jansson, later Sweden's National Antiquarian, writes on its importance:

Discovery
The runestone was discovered during the excavations of a kurgan from the 6th century BC. After its construction, the kurgan had been used for 48 additional burials of different types and at various depths. None of the bodies appeared to have been incinerated; some had been carelessly buried without any grave goods, while others had received wooden coffins or had at least been put on planks before the inhumation, while some had been inserted into stone coffins made of flat slabs of stone. On June 9, 1905, von Stern's crew discovered a lidless stone coffin in the eastern part of the kurgan containing a skeleton whose skull was resting on the runestone. The runestone was discovered by von Stern just as a worker intended to throw it on a pile of stone. The runestone was probably not discovered in its original location, and it is likely that it was originally located at one of the minor barrows in the vicinity.

Inscription
The inscription is completely preserved, which is shown by the fact that the first and last letters are marked as the end parts of the inscription. The engravings are c. 8 cm long and 0.75 cm deep.

Latin transliteration:

 krani : kerþi : (h)alf : þisi : iftir : kal : fi:laka : si(n)

Old Norse transcription:

 Grani gærði hvalf þessi æftiʀ Karl, felaga sinn.

English translation:

 "Grani made this vault in memory of Karl, his partner."

Identity
It is difficult to determine from where Grani and Karl came. In runic inscriptions, the Old Norse word hvalf ("vault", "coffin") only appears in Gotland, and in some late inscriptions from Västergötland (both being regions in present-day Sweden). There are no special traits in the inscription that suggests that it was written in the Old Gutnish dialect of Old Norse, but the shape of the runestone and its placement are usually found on Gotland.

It is likely that the Gotlanders Grani and Karl were on their way to, or from, Constantinople but that Karl died and so Grani prepared his last resting place on an island that had always been visited by sailors, and which the Byzantines called the "island of Saint Etherius." 

The runestone's description of Karl as the félag of Grani indicates that they were operating in a mercantile partnership, but it has been suggested that it could have referred to them as members of the same retinue.

Uniqueness
Few runic inscriptions have been discovered in Eastern Europe because stone material was scarce. It may also have been due to the tradition of inscribing runes on wooden poles that were erected on the barrows, something which was described by Ibn Fadlan who met Scandinavians on the shores of the Volga. By the time the raising of runestones became fashionable in the 11th century, most Scandinavian settlers in Russia, Belarus and Ukraine had been assimilated by the Slavic majority, and the influx of new settlers had ceased.

See also
Greece Runestones
Italy Runestones
Piraeus Lion
Runic inscriptions in Hagia Sophia
Trade route from the Varangians to the Greeks
Varangian runestones

Notes

References

Braun, F. & Arne, T. J. (1914). "Den svenska runstenen från ön Berezanj utanför Dneprmynningen", in Ekhoff, E. (ed.) Fornvännen årgång 9 pp. 44-48. 
Duczko, W. (2004). Viking Rus: Studies on the Presence of Scandinavians in Eastern Europe. BRILL. 
 
 Pritsak, O. (1987). The origin of Rus'.  Cambridge, Mass.: Distributed by Harvard University Press for the Harvard Ukrainian Research Institute.
 Thunberg, Carl L. (2011). Särkland och dess källmaterial [Serkland and its Source Material]. Göteborgs universitet. 
Rundata

Runestones
Varangians
Byzantine Empire-related inscriptions