This ship was the first sailing ship built in Russia, equipped with cannons. Peter I personally designed it and participated in its construction. The ship was named in honor of the victory of the Russian army in the Battle of Poltava, which marked a new milestone in the formation of the Russian state.

The authors of the monument are the famous sculptor Alexander Taratynov and the chief architect of the Hermitage Museum Valery Lukin. Gray granite pedestal is decorated with bas-reliefs depicting military battles. The Poltava is made of bronze, and the equipment of the vessel is made of brass and copper. The model of the ship is mounted on a huge block of red granite. The height of the monument is about ten meters.

The monument was inaugurated on March 6, 2015.