MOSCOW - The Russian government will do what is needed to add the necessary liquidity to wobbling financial markets, Prime Minister Vladimir Putin said Tuesday.

Following talks with his Finnish counterpart Jurki Katainen in the Black Sea resort of Sochi, Putin told reporters that the government will "add the needed amount of liquidity through different channels, both the central bank and the finance ministry."

"We in Russia deem it necessary to monitor liquidity closely. The Finance Ministry and the central bank are monitoring the situation," Putin said, voicing hope for gradual improvement in global markets.

Russian stocks lost nearly 8 percent Monday and extended losses on Tuesday, as local markets were negative about the outlook of the global economy after Standard & Poor's downgraded US AAA credit rating to AA+.