The Rossica Translation Prize is a biennial award given to an exceptional published translation of a literary work from Russian into English. The prize was inaugurated in 2003 by Academia Rossica and has been presented since 2005. The distinction comes with a cash prize of £5,000, which is split between the translator and the publisher at the discretion of the panel of judges. The prize is awarded in London on the 24th of May, the birth date of Saints Cyril and Methodius, creators of the Slavic alphabet. Excerpts of the winning and runner-up translations are printed in an accompanying Rossica journal. Academia Rossica also awards the annual Rossica Young Translators Prize for anyone under 25.
| Year | Translator | Translation | Author |
| 2011 | John Elsworth | Petersburg | Andrei Bely |
| 2009 | Amanda Love Darragh | Iramifications | Maria Galina |
| 2007 | Joanne Turnbull | 7 Stories | Sigizmund Krzhizhanovsky |
| 2005 | Oliver Ready | The Prussian Bride | Yury Buida |
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