The Russian Booker Prize is a prestigious literary award established in 1992 to honor outstanding works of fiction by Russian authors. It aims to promote contemporary literature and recognize the contributions of writers to the cultural landscape of Russia. The prize is awarded annually and is often seen as a significant accolade in the Russian literary community. The award is named after the Booker Prize, a well-known British literary award, and follows a similar format. A panel of judges evaluates submissions, and the winner receives a monetary prize along with increased visibility for their work, helping to elevate their status in the literary world.