The Treaty of Nystad was the last peace treaty of the Great Northern War of 1700–1721. It was concluded between the Tsardom of Russia and the Swedish Empire on 10 September [O.S. 30 August] 1721 in the then Swedish town of Nystad. Sweden had settled with the other parties in Stockholm and in Frederiksborg (1720).

The Great Northern War (1700–1721) was a conflict in which a coalition led by the Tsardom of Russia successfully contested the supremacy of the Swedish Empire in Northern, Central and Eastern Europe. The initial leaders of the anti-Swedish alliance were Peter I of Russia, Frederick IV of Denmark–Norway and Augustus II the Strong of Saxony–Poland–Lithuania. Frederick IV and Augustus II were defeated by Sweden, under Charles XII, and forced out of the alliance in 1700 and 1706 respectively, but rejoined it in 1709 after the defeat of Charles XII at the Battle of Poltava. George I of Great Britain and the Electorate of Hanover joined the coalition in 1714 for Hanover and in 1717 for Britain, and Frederick William I of Brandenburg-Prussia joined it in 1715.