Introducing the findings of an ethnographic research on subjective definitions of ethnic belonging of young Armenians in the Krasnodar Territory, the author demonstrates that ethnic identifications among them are not fixed but rather entwined within a complex web of diverse cultural attachments. If most informants see themselves as Armenians, they draw occasionally on cosmopolitanism as an identity resource, which enables them to construct a sense of belonging both in terms of identity and of multicultural location. This complex web of identity markers does not create hybrid identities or dual attachments as it is often claimed in the Western context. Despite the overall resonance of Armenian historical narrative, the author also suggests that it is personal lived experiences that most strongly influence subjective definitions. Informants’ narratives are by the way so diverse that each young person’s family history and individual narrative had to be considered thoroughly in order to understand how young people in a situation of diaspora in a multicultural context form a sense of belonging.