We prove that an integrable system solved by the quantum inverse scatt
ering mettled can be described DSI a purely algebraic object (universa
l R-matrix) and a proper algebraic representation. For the quantum Vol
terra model, we construct the L-operator and the fundamental R-matrix
from the universal R-matrix for the quantum affine algebra U-q((s) ove
r cap l(2)) and the q-oscillator representation for it. Thus, there is
an equivalence between an integrable system with the symmetry algebra
A and the representation of this algebra.