RNZ reports Anton Bakov wants to revive the Romanov empire, which ended in 1917 with the Bolshevik revolution.
Mr Bakov plans to use three uninhabited islands in the Southern Line Islands of Kiribati, making one of the islands, Malden, his capital.
He's currently visiting Kiribati at the invitation of its Government, which is yet to agree to his proposal.
Mr Bakov's wife, Marina Bakova, who translated for her husband during the interview, spoke to Amelia Langford, about their plans.
