Kremlin: There are no oligarchs in Russia, just big business representatives

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MOSCOW, Russia – The Kremlin rejected the use of the term ‘oligarchs’ when referring to representatives of Russia’s big business elite, Kremlin Spokesman Dmitry Peskov said to reporters on Thursday.

“There are no oligarchs in Russia,” he said.

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“I think the phrase “Russian oligarchs” is inappropriate,” he said when quizzed by reporters whether Russian oligarchs told Russian President Vladimir Putin whether US law enforcement agencies will be targeting them.

Peskov instead used the term “representatives of big business.”

“I do not know about any information coming from representatives of large Russian businesses on this matter,” the Kremlin spokesman said.

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