Russia's Putin hints at 2012 return to Kremlin

By Michael Stott

MOSCOW (Reuters) - Russian Prime Minister Vladimir Putin hinted on Thursday that he may return to his old job in the Kremlin, but not before his ally President Dmitry Medvedev's term expires in 2012.

Asked by a reporter whether he would rule out returning to the presidency next year, Putin said: "The next elections in the Russian Federation are in 2012 ... we will have to get through to that time, then we will see."

Medvedev prompted speculation about an early Putin return to the Kremlin last month when he unexpectedly proposed lengthening the presidential term to six years. The move, widely seen as intended to benefit Putin, was rushed through parliament.

But Putin told reporters he was satisfied with the "tandem" style of government. This has seen the two men collaborating closely, albeit with Putin perceived to hold the upper hand.

"We have formed a very effective tandem with President Medvedev," Putin said. "We have worked together for many years."

Analysts said Putin's comments ruled out any early election.

"It's now completely impossible for him to move over to the presidential post because that would be seen as cowardice in the face of the crisis," said Olga Kyrshtanovskaya, an expert on the Russian elite. "That would mean the collapse of his career."

The exchange came after Putin's annual question-and-answer session with Russians, a three-hour eight-minute discussion broadcast live by state television and radio.