Businessman Ruben Vardanyan will renounce Russian citizenship and move to Nagorno-Karabakh, an unrecognized republic in Armenia. Artsakh (as the republic is called in Armenia) is important to the businessman, and he sees moving as the only way to prove it, Vardanyan said.

Businessman Ruben Vardanyan will renounce Russian citizenship and move to Nagorno-Karabakh

In his video message, Ruben Vardanyan noted that the decision to move was not an easy one for him.

“The events of the last two years have caused many people to have apathy, a feeling of abandonment, that no one needs them. I think this is unacceptable,” the businessman said, adding that after the 2020 events in Armenia, all Armenians “should be together with Artsakh.”

Vardanyan will move to Artsakh as a citizen of Armenia; he himself is a native of Yerevan. The businessman will transfer his assets in Russia to a family fund managed by partners, he told RBC. As of 2021, Ruben Vardanyan’s fortune was estimated at $1 billion.

Ruben Vardanyan has supported start-ups for many years, invested in various projects, bought shares in companies in Russia. In 2011, he sold the Troika Dialog investment firm he founded to Sberbank for $1.35 billion.


Kirill Bilyk

Source: RB

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