Kyrgyz President Kurmanbek Bakiyev refused to step down on Thursday.

Bakiyev said in a statement published by the 24. kg news agency that "I declare that I did not resign nor do I resign as president."

However, he also admitted that he was not able to alter the current political situation.

Bakiyev said in the statement that he would be responsible for the bloody clashes in the country if the violence was proved triggered by him.

"I am ready to bear liability for the recent tragic events if it is proved through an objective investigation, not using presidential immunity as a cover," Bakiyev said in the statement emailed to the Kyrgyz news agency.

Bakiyev in fact has no power to control the situation in the central Asian state, according to the report.

The president said if the situation in the country continued to deteriorate opposition leaders must be responsible, the report said.

The new government, which was formed Thursday after Bakiyev fled the capital in the face of bloody riots on Wednesday, would function for six months and then presidential elections would be held, interim leader Roza Otunbayeva told reporters on Thursday.