Vladimir Putin does not like calling big businessmen "oligarchs"

Vladimir Putin has said he doesn't like calling big businessmen "oligarchs".

At a Kremlin news conference the president said people now use the word "oligarch" speaking about a person, who has stolen money and continues plundering the national wealth enjoying a special access to power and government bodies.

"I am doing my best for the situation never to repeat in Russia," the Russian leader stressed.

"I don't see people who are acting this way now," Vladimir Putin said.