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Etymology
From.

Letter

 * 1) letter  (Old Church Slavonic: )

Usage notes
Ižica was used to denote the sound [y~i] when in a syllabic position and [v] when in a consonantal position, analogous to Greek upsilon. In some texts, however, ižica was used to denote [v] exclusively, whereas [y~i] was written as ѷ (ižica with kendima) instead.

Letter

 * 1)  Cyrillic Letter izhitsa (Russian:.

Usage notes
In Russian, this letter was used for the letter (y, "ypsilon"). It was pronounced [i] by itself, and [f] or [v] before a consonant, similar to its counterpart in modern Greek.

Since the 18th century, the letter izhitsa became rarely used in Russian, until in the early 20th century it consistently appeared in one word, and derived words. There were several other words that were sometimes written with the izhitsa, such as, , and.

It was finally eliminated during the spelling reform of 1918.