On November 12, 2017, the ceremonial opening of the monument to Ivan III took place in Kaluga. This is the first monument in Russia dedicated to Tsar Ivan the Great. The monument, which aims to immortalize the era of his reign, was installed by the Russian Military Historical Society in the main square of the city in front of the regional government building.

Ivan III is depicted on one knee, extending his right hand forward with a powerful gesture, while holding a scepter with an eagle in his left hand. The monument is engraved with the inscription: "The sovereign who united the Russian lands around Moscow, ended the Tatar yoke, issued a code of judicial laws, built the Moscow Kremlin, and established the coat of arms of Russia, the double-headed eagle."

The creation of the monument took four years. The idea for the artistic solution was conceived by Andrei Konchalovsky, while sculptor Andrei Korobtsov brought the image of the ruler to life in bronze.

Disputes arose around the installation of the monument to Ivan the Great in Kaluga, but they were not about the necessity of the monument, rather its location. Most residents agreed to move the monument to Lenin from the main square to a neighboring park, where it historically stood until the 1980s, in order to place the monument to Ivan the Great in front of the regional government building.