The Russian financial authorities are ready to offer necessary liquidity to the wobbling markets, Prime Minister Vladimir Putin said on Tuesday, RIA Novosti reports.
"If it is necessary, we'll add the necessary amount of liquidity through different channels, both the Central Bank and the Finance Ministry," Putin said, adding, "We in Russia deem it necessary to monitor liquidity closely. The Finance Ministry and the Central Bank are monitoring the situation."
Russian stocks lost nearly eight percent on Monday and continued dropping on Tuesday.
Russian government to add liquidity to markets
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