Topic summary
Ѵ

Extracted from the Wikipedia article Izhitsa.
Izhitsa (Ѵ, ѵ Ѷ ѷ; italics: Ѵ ѵ; Church Slavonic: ѷжица, Russian: ижица, Ukrainian: іжиця) is a letter of the early Cyrillic alphabet and several later alphabets, usually the last in the row. It originates from the Phoenician letter waw and Greek letter upsilon (Y, υ) and was used in words and names derived from or via the Greek language, such as кѵрилъ (kürilǔ, "Cyril", from Greek Κύριλλος) or флаѵии (flavii, "Flavius", from Greek Φλάυιος). It represented the sounds /i/ or /v/ as normal letters и and в, respectively. The Glagolitic alphabet has a corresponding letter with the name izhitsa as well (Ⱛ, ⱛ). Also, izhitsa in its standard form or, most often, in a tailed variant (similar to Latin "y") was part of a digraph оѵ/оу representing the sound /u/. The digraph is known as Cyrillic "uk", and today's Cyrillic У originates from its simplified form.