ðə stɹˈiːt tˈeɪks ɪts nˈeɪm fɹʌmðə sənt. pˈiːɾɚz mˈɑːnɐstɚɹi, sˈɪtʃuːˌeɪɾᵻd æt ðə tˈɑːp ʌvðə hˈɪl, æt ðɪ ˌɪntɚsˈɛkʃən ʌvðə stɹˈiːt ænd ðə bˈuːlɪvˌɑːɹd ɹˈɪŋ.
The street takes its name from the St. Peter's Monastery, situated at the top of the hill, at the intersection of the street and the Boulevard Ring.