Three novel ruthenium(II) complexes, RuX2(IMesH2)[N,N‐diethyl‐N′‐(2‐benzylidene)triazene] [IMesH2 = 1,3‐dimesitylimidazolin‐2‐ylidene; X = Cl– (2), CF3COO– (3), C6F5COO– (4)] are described. Single‐crystal X‐ray structure analysis of compounds 2–4 revealed that the triazene ligand exists in the trans form and that the aryl‐connected nitrogen atom of the triazene binds to the ruthenium atom to form a five‐membered chelate ring. Compounds 2–4 were applied to the UV‐induced ring‐opening metathesis polymerization (ROMP) of cis‐cyclooctene (5) and dicyclopentadiene (6). Whereas all three precatalysts show pronounced thermal latency in the presence of 5 or 6, only compound 2 displays significant photo‐ROMP activity. The photoreactivity of precatalysts 2–4, which decreases with increasing electron‐withdrawing character and with decreasing pKa of the X groups, is discussed and correlated with the X‐ray data of 2–4, with low‐temperature 1H NMR measurements as well as with cyclovoltammetric measurements.