According to legend, in the early 17th century, the Vladimir Icon of the Mother of God was discovered in Krasny Klyuch. It was found by children who came here for water. The icon was placed at the altar of the Church of the Free Burets, but soon miracles began to occur with it: in the mornings, it was repeatedly found on the floor. It is said that the icon did not settle in this place and found peace only after it was purchased by the landowner Ozerov from Stary Burets. The image was transferred to the church of the neighboring village of Stary Burets. According to legend, after this, the residents of Novy Burets began to dream of the icon, and it asked why it was sold. Then the elders from Novy Burets went to Stary Burets and said: "We gave you the icon, but it is necessary to bring it to Krasny Klyuch every year."

Since then, the icon has been brought annually to the place of its appearance. In ancient times, it was brought to Novy Burets on the eve of the feast of the Vladimir Mother of God. The icon spent the night in the church, and in the morning it was taken to Krasny Klyuch, where a moleben and water blessing were held, then they returned in a procession to Stary Burets. Up to the Burets River, the icon was carried by the residents of Novy Burets, and across the river, it was received by the residents of Stary Burets. Upon returning to the church, a festive evening service was held. The spring where the icon was found became a revered place, and pilgrims flocked there in hopes of healing from spiritual and physical ailments.

During the years of Soviet power, processions were banned and resumed only in 1990, after the opening of the Vladimir-Bogoroditskaya Church in the village of Stary Burets. Now, every year on July 5, a procession is held from the village of Stary Burets in the Malmyzh district, along with a service and water blessing.

The temple icon of the Mother of God Vladimir with a rich cover adorned with precious stones was preserved during the Soviet years. When church utensils were being taken out of the church, a young man took the icon home, thus saving it. He then entrusted it to a local nun, Matrona, and from her, the icon ended up with a pious woman, Agafya Usova. The icon was kept in the red corner of the house behind a curtain, so that no one could see it, until 1990, when the restoration of the destroyed church began.