New Russia (Russian: Новороссийск; also called Novarassi, Slavarassi, Slavorossiya (Russian: Славороссия), Yakutat Colony, and Yakutat Settlement) was a trading-post for furs and a penal colonyestablished by Russians in 1796 in present-day Yakutat Borough, Alaska. It was presumably named after the Joseph Billings ship Slava Rossii, or "Glory of Russia".