Founded by merchants eager to buy and sell goods such as honey wax and fruits a_muscovy b_novgorod

The correct answer is  Novgorod

Explanation:

A Novgorod  is a city of  south-southeast of St. Petersburg  and  northwest of Russia on the volkhov river.  It   is an  ancient cities in Russia .This Novgorod become important both strategically and economically as it is  located on the chief trade  routes of eastern Europe. For   many centuries Novgorod  was  main port of  Russia . Novgorod also participated in Hansa union In 1478 Novgorod was overrun  by Moscow . So In 1703 , it lost its  dominance in commercial to  St Petersberg.