The 1976 Izvestia Trophy was held from December 16-21, 1976, in Moscow. The Soviet Union won the tournament, Sweden took second, and Czechoslovakia finished in third place.
Results[]
| URS | SWE | TCH | WJ | FIN | W | T | L | Goals | Pts | ||
| 1. | Soviet Union | *** | 4:2 | 3:2 | 6:4 | 9:3 | 4 | 0 | 0 | 22:11 | 8 |
| 2. | Sweden | 2:4 | *** | 2:1 | 4:4 | 9:0 | 2 | 1 | 1 | 17:9 | 5 |
| 3. | Czechoslovakia | 2:3 | 1:2 | *** | 3:2 | 6:1 | 2 | 0 | 2 | 12:8 | 4 |
| 4. | Winnipeg Jets | 4:6 | 4:4 | 2:3 | *** | 2:1 | 1 | 1 | 2 | 12:14 | 3 |
| 5. | Finland | 3:9 | 0:9 | 1:6 | 1:2 | *** | 0 | 0 | 4 | 5:26 | 0 |