Muscovy Company
The Company of Merchant Adventurers to New Lands was rechartered as the Muscovy Company by Mary I of England in 1555, and in the same year Chancellor left for Russia again. The Muscovy Company became an important diplomatic link between Muscovy and England, and was especially valued by the isolated Muscovy. Upon his arrival to the court of Ivan IV, Chancellor secured a number of privileges within Russia for the company, including free passage, control of English settlement, and freedom from arrest.