Shortly before his death, Yury led the army of Novgorod to fight the Swedes and founded a fort in the mouth of the Neva River. Upon signing the Treaty of Orekhovo in 1323, Yury continued eastward and conquered Velikiy Ustyug the same year.

The Treaty of Nöteborg, also known as the Treaty of Oreshek is a conventional name for the peace treaty signed at Oreshek on 12 August 1323. It was the first settlement between Sweden and the Novgorod Republic regulating their border. Three years later, Novgorod signed the Treaty of Novgorod with the Norwegians.