Russia will allocate over 120 billion rubles ($3.8 billion) for a federal program to develop new generation nuclear energy technology in 2010-2012, Russian President Dmitry Medvedev said on Wednesday.

Speaking at a session of the commission for the modernization and technological development of the economy, Medvedev said that creating conditions for scientific advances in the field of physics was a top priority state task.

"For this purpose, the government has prepared a medium-term federal target program of new generation nuclear energy technology," Medvedev said.

The president said that the program would receive financing from next year.
sections: Economics