By the peace of Jassy, signed in January 1792, she retained Ochakov and the coast between the Bug and the Dniester, and she secured certain privileges for the Danubian principalities, but the Turks remained in Constantinople, and the realization of the famous Greek project, as it was termed, had to be indefinitely postponed.
In 1790 he conducted the military operations on the Dniester and held his court at Jassy with more than Asiatic pomp. In 1791 he returned to St Petersburg where, along with his friend Bezborodko (q.v.), he made vain efforts to overthrow the new favourite, Zubov, and in four months spent 850,000 roubles in banquets and entertainments, a sum subsequently reimbursed to him from the treasury.
Two large rivers, which numerous tributaries, drain the government - the Dniester, which forms its boundary with Bessarabia and is navigable throughout its length, and the Bug, which flows almost parallel to the former in a higher, sometimes swampy, valley, and is interrupted at several places by rapids.
The Dniester is an important channel for trade, corn, spirits and timber being exported from Mogilev, Kalus, Zhvanets, Porog and other Podolian river-ports.
Podolia is traversed by a railway which runs parallel to the Dniester, from Lemberg to Odessa, and has two branch lines, to Kiev (from Zhmerinka) and to Poltava (from Balta).