In spring 2017, work to memorialize convoy BD-5 and the crew of the lost R66 on Belyi Island was undertaken. On March 17, 2017, a large wooden cross was installed on the island at with the support of the non-profit partnership Arctic Development Center. A month later, on April 13, 2017, an AOPA Russia air expedition attached a plaque with the following explanatory text to the cross:  In 2016, an Il-14 Penguin restored to airworthy condition by enthusiasts was named after Mikhail Farikh. Mikhail set three speed records along these routes in the class of piston helicopters with MTOW of 1,000 to 1,750 kg: FAI Air Sport Medal. This medal is awarded to individuals or groups for “prominent services to the cause of air sports; for instance, work on FAI committees, the organization of world or continental championships, training of new pilots, or development of aviation as a whole, particularly if this is aimed at the involvement of young people in air sports. The text of the FAI nomination: