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The city formerly known as Stalingrad will erect a monument to Josef Stalin, Franklin D. Roosevelt and Winston Churchill to honor their historic Yalta conference in 1945, the city's mayor said Thursday.

Volgograd Mayor Yevgeny Ishchenko also said his city is considering changing some street names in honor of the Battle of Stalingrad, widely considered a turning point in World War II.

"We are talking about eternalizing the leaders of world powers, the powers that won in that war, about eternalizing a historic event," Ishchenko said.

Ishchenko said they hope to erect the monument by May 9, the 60th anniversary of the end of the war.