The museum, which collects more than 12,000 exhibits, from icons of the XIII century to the masterpieces of painting and sculpture of the XIX and XX centuries, remains the only such museum of Russian art on the territory of the former Soviet Union outside the Russian Federation.
The museum is located in an architectural monument of XIX century – in a private house of businessman, who was an honorary citizen of Kyiv, Mr. Fedir Tereshchenko. The museum owns ancient icons, artworks by masters of XVIII and of the first half of XIX century: D. Levitsky, V. Borovykovsy, V. Tropinin, I. Aivazovsky, P. Fedotov; artworks of the second part of XIX c., primarily artworks by the Itinerants: I. Kramskoy, N. Ge, I. Shishkin, V. Polenov, V. Surikov, I. Repin, V. Vereshchagin, and also art works during the period of latter XIX and early XX century: M. Vrubel, M. Nesterov, N. Roerich, B. Kustodiev, P. Trubetskoi. The museum collection involves artworks by famous artists of XX century: B. Iohanson, S. Ryanhina, A. Tischler, A. Gerasimov, V. Mukhina, P. Popkov, A. Plastov, Y. Pimenov, A. Deyneka, D. Zhylynsky and others.
Such famous masterpieces as the icon of «Boris and Gleb» (XIII c.), «Players» by P. Fedotov, «Oak Grove» by I. Shishkin, «Peasant with a bridle» by I. Kramskoy, «Girl against the background of Persian carpet» by M. Vrubel, «Upon mountains» by M. Nesterov, «Wives of merchants» by B. Kustodiev, «Saint Nicolay» by N. Roerich are well-known beyond the country.