[1] Following the 1991 dissolution of the USSR, the Order of Nakhimov was retained unchanged by decision of the Supreme Soviet of the Russian Federation № 2424-1 of March 2, 1992[2] but it was not awarded in this form.

From its establishment in 1944 until September 2010, the Order of Nakhimov was awarded in two classes to officers of the Navy for outstanding achievements in the development, implementation and prosecution of naval operations resulting in the successful repelling of an opponent's offensive or for active fleet operations that caused considerable damage to the enemy while conserving fleet assets.

[1] The Order of Nakhimov 1st class was of multi part construction consisting of a gold five pointed star displaying radiant rays, the bottom arm pointing straight down, a silver five pointed star with each arm ending in a naval sea anchor, its upper arm pointing straight up with the rays of the gold star protruding between its arms, a central gold medallion covered with dark enamel and the gold left profile relief image of the bust of admiral Nakhimov over two laurel branches at the center of the medallion, above the admiral's head along the medallion's upper circumference, the inscription in gilt letters "ADMIRAL NAKHIMOV" (Russian: АДМИРАЛ НАХИМОВ).

The Order of Nakhimov 2nd class was of two part construction and made entirely of silver with red enamel in lieu of rubies.

In the center of the obverse, a blue enamelled silver bordered medallion bearing the left profile bust of Admiral Nakhimov over laurel branches.