Key words: interstellar extinction: reddening: interstellar dust particles: characteristics and properties of the Milky Way galaxy.This review describes our current understanding of interstellar extinction. This differ substantially from the ideas of the 20th century. With infrared surveys of hundreds of millions of stars over the entire sky, such as 2MASS, SPITZER-IRAC, and WISE, we have looked at the densest and most rarefied regions of the interstellar medium at distances of a few kpc from the sun. Observations at infrared and microwave wavelengths, where the bulk of the interstellar dust absorbs and radiates, have brought us closer to an understanding of the distribution of the dust particles on scales of the Galaxy and the Universe. We are in the midst of a scientific revolution in our understanding of the interstellar medium and dust. Progress in, and the key results of, this revolution are still difficult to predict. Nevertheless, (a) a physically justified model has been developed for the spatial distribution of absorbing material over the nearest few kiloparsecs, including the Gould belt as a dust container, which gives an accurate estimate of the extinction for any object just in terms of its galactic coordinates. It is also clear that (b) the interstellar medium makes up roughly half the mass of matter in the galactic vicinity of the solar system (the other half is made up of stars, their remnants, and dark matter) and (c) the interstellar medium and, especially, dust, differ substantially in different regions of space, and deep space cannot be understood by only studying nearby space. *