Russian President Vladimir Putin has enough capital to fund the war in Ukraine for years to come despite economic pressure mounting, the former head of the country's central bank told CNBC on Friday.

"The Russian economy is close to stagnation," Sergey Aleksashenko, former deputy chairman of Russia's central bank, told CNBC's "Europe Early Edition."

Aleksashenko said on Friday the "mood is not good," with the Bank of Russia forecasting growth of just 0.9% for the country's economy this year, compared with 4.3% last year.

But he added that the "glass is half full," with the central bank gradually bringing inflation down and various industries moving in opposite directions.

Asked whether Putin has enough money to finance the war in Ukraine, Aleksashenko said: "Unfortunately, yes."

"Desp

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