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The ideas of Russian logician Nikolai Vasiliev con- cerning the status of the law of contradiction are discussed in this article. The arguments presented in his article ‘Logic and meta-logic’ are deeply explored bringing to light the weakness of his philosophical theory. His ‘imaginary’ logic is a system that describes not the system of the laws of reason, but relations in which objects of some ontology stand to each other. Comparing the fundamental idea of Vasiliev to the classical concepts of reason brings us to a better understanding of the fact that philosophical intention of Vasiliev has been left unfulfilled.