According to a decree of USSR Supreme Soviet dated 23 August 1944 and a decree dated January 16, 1945, Pechory and the eastern part of Petseri County were transferred to the Pskov Oblast of the Russian SFSR, and the Pechorsky District was established. During the Soviet period, bilingual schooling continued,and in 1956, Pechory Secondary School No. 2 was opened for Estonian-speaking students. In 1976, the town's boundaries were further expanded to encompass the railway station and a few adjacent villages, including Kunichina Gora, which now hosts a border crossing point. After Estonian independence was re-established in 1991, the town and the territory around it were claimed by Estonia because of the terms of the Tartu Peace Treaty, in which the Soviet Union had relinquished further claims to Estonian territory. Estonia was reported to have dropped this claim in November 1995. A new Estonian-Russian Border Treaty was signed by Estonia on May 18, 2005, reflecting the later border changes, but was rejected and cancelled by Russia on June 27, 2005, because references to "Soviet occupation" were added by the Estonians. A series of inter-governmental consultations took place in the decade that followed, and on February 18, 2014 the new version of the Border Treaty was signed by both countries. The latest version leaves the agreed border intact with a few minor exemptions not affecting the town of Pechory. Its parliamentary ratification by both sides is pending. Within the framework of administrative divisions, Pechory serves as the administrative center of the Pechorsky District, to which it is directly subordinated. As a municipal division, the town of Pechory, together with forty-two rural localities, is incorporated within the Pechorsky Municipal District as the Pechory Urban Settlement. Pechory is famous for the Russian Orthodox Pskov-Caves Monastery. Also, St.Peter's Evangelical Lutheran church is situated in the town. It is famous for its historic organ. During the 1930s Russian song festivals inspired by similar Estonian events were held in the town. Pechory hosts a museum, two libraries, cultural centre and an arts school for children. Apart from the official and religious events, festivals on Maslenitsa and Ivan Kupala are held there. Seto Estate Museum is located near the town.