The 1990 Izvestia Trophy was held from December 16-22, 1990, in Moscow. The Soviet Union took first place, Sweden finished second, and Czechoslovakia came in third.
Results[]
| URS | SWE | TCH | FIN | CAN | W | T | L | Goals | Pts | ||
| 1. | Soviet Union | *** | 5:1 | 2:2 | 6:1 | 6:1 | 3 | 1 | 0 | 19:5 | 7 |
| 2. | Sweden | 1:5 | *** | 3:2 | 2:2 | 2:1 | 2 | 1 | 1 | 8:10 | 5 |
| 3. | Czechoslovakia | 2:2 | 2:3 | *** | 3:1 | 1:4 | 1 | 1 | 2 | 8:10 | 3 |
| 4. | Finland | 1:6 | 2:2 | 1:3 | *** | 7:3 | 1 | 1 | 2 | 11:14 | 3 |
| 5. | Canada | 1:6 | 1:2 | 4:1 | 3:7 | *** | 1 | 0 | 3 | 9:16 | 2 |