28 Jun 2012 14:44

Medvedev to be responsible for use of budget insurance mechanisms

MOSCOW. June 28. (Interfax) - Russian Prime Minister Dmitry Medvedev will dispose of the insurance mechanisms envisaged in the budget in case of crisis, President Vladimir Putin said during his budget address for 2013-2015.

Putin and Medvedev have discussed the possibility of creating insurance mechanisms for the second half of the year, he said.

"I will not oppose such an approach, all the more so since the fundamental issues related to utilizing this mechanism will be turned over solely to the prime minister," Putin said.