Russian Tycoon Who Moved to Karabakh Calls Press Conference

German Sterligov rides a donkey in Karabakh (Photo from social media site V Kontak)
German Sterligov rides a donkey in Karabakh (Photo from social media site V Kontak)

German Sterligov rides a donkey in Karabakh (Photo from social media site V Kontak)

STEPANAKERT—The Russian tycoon, German Sterligov, who moved to the Nagorno-Karabakh Republic this week, announced on Wednesday that he will hold a press conference in Shushi on Monday to discuss factors relating to his relocation to the Nagorno-Karabakh Republic.

Meanwhile, Russian television reported that Sterligov’s wife, Aloyona, will pursuing her passion for fashion design in Artsakh and has already begun putting together a line.

“My wife has already begun sewing and very soon she will open a fashion center in Karabakh called the Alyona Sterligova center,” German told Ren-tv.

German Staligarov's wife, Aloyona, is said to open a fashion house in Artsakh

German Sterligov’s wife, Aloyona, is said to open a fashion house in Artsakh

The 48-year-old Russian businessman has not elaborated his reasons for moving to Artsakh, saying that he will answer all questions during a press conference in Shushi.

He posted a picture on Tuesday on his personal page on the Russian social media site, V Kontakte of him riding a donkey in a village, with a tagline “I just came down from the mountains, surfed on the Internet and got stunned,” referring to Russian media reports that claimed that he had fled Russia to avoid prosecution for his alleged involvement in criminal activity.

“I am scheduling a news conference for next Monday,” he said on V Kontak. “The venue — the blooming garden of Nagorno-Karabakh, the ancient Armenian town of Shushi. Dear journalists, arrange assignments [to Karabakh] and you’ll learn the truth.”

Some Russian media outlets reported that Sterligov fled Russia because incriminating testimony was given by two people who are serving time in Russia for “politically motivated killings.”

His lawyer, Artur Ayrapetov, who is Armenian, called those reports “slander,” adding that they provided Sterligov “additional incentive” to leave. reported that Ayrapetov said on Monday that his client has moved to Karabakh because he has a “good rapport with many respected persons in Armenia.” “Besides, all those values which he has applied to his Sloboda in recent times have already been put into practice in Nagorno-Karabakh,” he told the “Moskovsky Komsomolets” daily.

According to, Sterligov rose to prominence in 1990 when he founded, together with several other Russian entrepreneurs, the Soviet Union’s first commodities exchange at the age of 24. It served as a launch pad for a financial empire with offices in London and New York which he built in the following years.

Sterligov subsequently became known as a deeply religious man with hardline nationalist views and extreme hostility to science and technology, which he accuses of destroying humankind. He tried unsuccessfully to run for the Russian presidency in 2004 after failed bids to become mayor of Moscow and governor of the vast Krasnoyarsk region in Siberia.

In 2004, Sterligov abandoned much of his wealth to move deep into the Russian countryside and live a traditional peasant lifestyle there with his wife and five children. As he explained to the BBC afterwards, he wanted to escape “the mercenary atmosphere, the envy and the hustle” of Moscow.

Four years later, Sterligov founded in central Russia the Sloboda rural commune that offered free housing, healthcare and other public services to young and married Russians willing to work there as farmers or craftsmen. Later in 2008, he resumed his entrepreneurial activities in Moscow, setting up a trading and financial services company.

The Russian media reported over the weekend that the eccentric tycoon wearing a big bushy beard is again selling off his assets and has left Russia for Karabakh together with his family.

“He was forced to leave the country by serious circumstances,” the Interfax news agency quoted an aide to Sterligov, Polina Sirota, as saying. “It’s not bandits, it’s a higher level,” she added without elaborating.

On Tuesday, the Azerbaijani Foreign Ministry placed him on the now infamous black list of people who visit the Nagorno-Karabakh Republic.


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  1. hye said:

    so sad, this means preparation for an other operation called KOLTSO that so many armenians got killed by russian military and azeri omon. Things don’t happen just like that, there is a reason why this individual/russian official(I believe) is in Artsakh. I believe Dashnaktsutyun has to worry about this individual being there, expect major activity in Artsakh, 1st this guy will try to get people on his side, then weaken ARF and then russians could do whatever they please when there is no patriotic leadership in Artsakh. Under what law(and I mean Artsakh constitution) is this individual in Artsakh. If you can’t conquer enemy from outside, conquer from inside(lot easier).

  2. hye said:

    someone looking for simple life does not hold press conference, unless is looking for PR.

  3. mgl said:

    Great promotion for Karabakh! Will any of the Americans follow?

  4. Armenian said:

    A Russian nationalist with hostilities toward science and technology. Great. Just what Armenia and Artsakh needed.

  5. GB said:

    Axerbaijani Foreign Ministry should place German’s donkey into oil Sheikhdom black list as well!

    Maybe Armenia’s rich government officials and MPs should learn something from this Russian tycoon.

  6. Norserunt said:

    What an unusual but wonderful family. God bless them all. I hope they become an example for Armenians.

  7. Richard said:

    The government of Artsakh should be carefull of who is moving there and for what purpose.This is very suspicious.

  8. zarkim said:

    Mr German Sterligov, a Russian is being bullied (In Russia) by an Israeli women and an azeri lawyer representing israel and Azerbaijan.
    Mr Sterligov’s Lawyer is an Armenian called Arthur Airapetov. A very competent Lawyer defending a Russian in Russia.
    May be there was a reason why “israelites” were picked-on centuries ago……
    Look what these “animals” have done to Aleppo.