Nikolai Rezanov
In Summer 1802, Minister of Commerce Nikolay Rumyantsev and Nikolai Rezanov, on behalf of the Mainboard of the Russian-American Company, submitted a very similar project, in which they referred to the notes of Krusenstern from 1799. The plan by Rumyantsev and Resanov was submitted as the "most genuine statement" on July 29, 1802. The project aimed to deliver in Russian America all the required goods, to free the citizens of the Yakutsk region from the heavy traffic, to strengthen Russian positions in the Pacific, to start trading in China. By referencing to Krusenstern, it was suggested to populate the Urup island and to start trade with Japan through the mediation of indigenous people Ainu. To finance the expedition, they requested a loan from the State borrowing bank for 250,000 rubles for eight years at 2% per annum. It was also suggested to award title to a merchant Alexander Baranov.