After the end of World War I, Eastern Galicia became part of the Polish Republic. Rusophile activists in Galicia immediately after the war began efforts to commemorate the victims of the Talerhof concentration camp, creating the Talerhof Committee for this purpose. In 1924 and 1932, the committee published four issues of the "Talerhof Almanac" at the printing house of the Stavropigian Brotherhood in Lviv. These issues contained documentary evidence of the murders of peaceful Rusophiles by the Austrian authorities during the war. In 1928, the Rusophiles held the first Talerhof Congress, after which it became an annual tradition to hold a memorial service for the deceased.

In 1934, the second Talerhof Congress of Galician Rusophiles took place. In honor of the 20th anniversary of the Talerhof camp, it was decided to erect a monument to the victims of this camp in Lviv. A site at the Lychakiv Cemetery, free from burials, was chosen for its placement. The architect of the monument was Oleg Lutsyk, and the construction was overseen by engineer Ludwik Turowicz, who also developed the project.

The monument was made in the workshop of L. and T. Tyrovich. About 15,000 Rusophiles gathered for its opening, accompanied by a procession.

After the monument was erected, a tradition emerged to hold a memorial service there on Thomas Sunday "for the innocent victims of World War I, tortured and suffering in Talerhof, Theresienstadt, and other places."

After Lviv joined the USSR, despite the closure of many organizations of Galician Rusophiles by the Soviet authorities, the tradition of holding Talerhof memorial services at the monument persisted. However, over time, as witnesses and contemporaries of the Talerhof events aged and passed away, and a new generation of Galicians was raised in the spirit of atheism and embraced Ukrainian national identity instead of Russian, the number of visitors to the monument decreased, and gatherings became less crowded.