It is at the centre of Rumyantsev Square [ru], on Vasilyevsky Island, between the Menshikov Palace and the Saint Petersburg Institute for Painting, Sculpture and Architecture.

Paul had attempted to persuade Rumyantsev's heirs to accept the offer of a palace built at public expense in place of the monument, but was turned down.

[3][4] The front of the pedestal displays a black marble plaque with the gilt inscription "Rumyantsev's victories" (Russian: Румянцова побѣдамъ).

[4] With the approval of Emperor Alexander I it was installed on Vasilyevsky Island, on the parade ground between the Imperial Academy of Arts and the Menshikov Palace, home of the First Cadet Corps, where Rumyantsev himself had studied.

[1][2] The setting of the monument was developed between 1866 and 1867 with the laying out of gardens on the square at the expense of city merchant S. F. Solovyov and to the design of Nikolai Kovrigin [ru].