Byzantine shipswreck found off the coast of ancient Phanagoria

Russian Archaeologists are excited by the discovery of an 8th century Byzantine shipwreck discovered under Taman Bay in the Bacl Sea. The merchant ship, called the "most valuable artifact in 12 years" still held only one amphora in what must have once been a large cargo.

Phanagoria was a major Greek port in the Byzantium Empire and was the first capital of Bulgaria. Experts hope that further investigation of the seabed will produce more artifacts from the ship.