The name Variag comes from this people's own unknown language, and is not directly interpretable. There is, however, a potential real historical source for this name, as it was used of an eastern branch of the Vikings who roamed the rivers northward of the Black Sea. Its unclear whether Tolkien was influenced by these historical Variags, but if he was then the name descended ultimately from Old Norse Væringjar, thought to mean something like 'those sworn to service'.
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