The dichlorodihydridoruthenium(IV) compound [RuH2Cl2(PiPr3)2] (4) was prepared from [RuCl2(C8H12)]n (3), PiPr3, and H2 in 2‐butanol via the chlorohydridoruthenium(II) derivative [RuHCl(H2)(PiPr3)2] (5) as an intermediate. The synthesis of 5 was achieved under similar conditions from 3, PiPr3, H2, and 2‐butanol in the presence of NEt3. Compound 4, which was characterized by X‐ray crystal structure analysis, reacts with excess phenylacetylene to give the phenylvinylidene complex [RuCl2(=C=CHPh)(PiPr3)2] (7) and with propargylic alcohols or derivatives thereof to afford the vinylcarbene complexes [RuCl2(=CHCH=CR2)(PiPr3)2] (9, 10), respectively. From 5 and terminal alkynes RC≡CH the chlorohydridovinylidene compounds [RuHCl(=C=CHR)(PiPr3)2] (11, 12) were obtained. The phenylvinylidene complex [RuCl2(=C=CHPh)(PCy3)2] (15) was prepared from phenylacetylene and either [RuH2Cl2(PCy3)2] (14) or one of the carbene deriva‐tives [RuCl2(=CHR)(PCy3)2] (16, 17) as starting materials. The X‐ray crystal structure analysis of 15 confirms a distorted square‐pyramidal geometry with the vinylidene ligand in the apical position. The interconversion of 4 to 5 and of the tricyclohexylphosphane counterparts 14 to 13 was achieved by hydrogen transfer from 2‐propanol in the presence of PR3. The reverse reaction occurs upon treatment of 5 or 13 with the corresponding phosphonium salt [HPR3]Cl or HCl, respectively.