An ancient Greek settlement has been discovered in southern Ukraine near the Black Sea.

The discovery made by archaeologists from the National Ukrainian Academy of Sciences and the University of Warsaw, was found on the Dnieper River and is believed to have formed part of a trade route from ancient times.

A representative from the University of Warsaw said the finding could pave way for more in the area.

“Over a dozen similar settlements have been identified so far in the lower Dnieper. If we manage to raise adequate funds, we are planning to conduct research on a wider scale,” said Marcin Matera.

“In the first place we would like to do documentary work and geophysical surveys of each of the settlements because they are subject to systematic robbery excavations. Besides, they have never been comprehensively surveyed.”