The author considers some of the ‘blind spots’ of the ‘Scandinavian-centric’ hypotheses on the emergence of the Old Russian state. He shows that adherents of the ‘Scandinavian-centric paradigm’ very often resort to ad hoc explanations without noticing the critical contradictions in their constructions. If we collect partial statements of the Scan-dinavian-centred hypotheses, we see how they begin to contradict each other. For example, according to Elena Melnikova, Old Russian ‘варѧгъ’ comes from Scandinavian ‘væringi’, which in turn comes from Greek ‘βάρaγγοι’, and Greek ‘βάρaγγοι’ in turn comes from the Old Russian ‘варѧгъ’. In the context of the processes leading to the formation of the Old Russian state, the author critically evaluates the ideas of the ‘Scandinavian control over the Baltic-Volga trade route’ and ‘Scandinavian colonies’ in Eastern Europe. The local polities of early medieval Eastern Europe, whether Slavic, Baltic or Finnish, obviously possessed sufficient power and military potential to close off uncon-trolled movement along the river routes to the Scandinavians if they so wished. The author also raises the question of the initial political status and real role in the formation of the Old Russian state of the emerging settlements specialized in trade in Ladoga and Gnezdovo.