The Rus' fleet, numbering around 200 vessels, invaded the Bosphorus and targeted the suburbs of Constantinople, the capital of the Byzantine Empire. This bold maritime raid occurred during the height of the Byzantine Empire's wealth and influence, showcasing both the ambitions of the independent Rus' states and their burgeoning naval power. The primary motive behind the raid was likely economic, as the Rus' sought to exploit the riches of one of the most prosperous cities in the world. The attack inflicted considerable damage to the areas surrounding the city, instilling fear and anxiety among the Byzantine populace.

This military action illustrated a significant moment of contact between the Byzantine Empire and the Slavic states. The Byzantine Empire, already dealing with various threats to its borders, had to respond to this maritime incursion with military force. The Rus' were not merely raiders; they were emerging as a significant power in the region, establishing their presence and laying the groundwork for future relations with Byzantium, including trade and later diplomatic engagements.

The impact of the raid resonated beyond the immediate devastation; it stimulated changes in Byzantine defenses and military strategy. The invasion raised questions about the vulnerability of the empire and led to calls for strengthening naval capabilities. The relationship between the Byzantines and the Rus' gradually evolved, with subsequent diplomatic interactions that would bridge the cultural and economic gaps, setting the stage for future alliances and conflicts.