Millionaire plans to set up 'alternative Russia' on island
Russian millionaire Anton Bakov is in talks with the government of South Pacific island nation of Kiribati to lease three uninhabited islands to establish an 'alternative Russia' and revive the monarchy. Bakov reportedly plans to re-establish the Romanov Empire and invest millions into the impoverished island's economy. Notably, the Russian monarchy was overthrown by the 1917 Bolshevik revolution.