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Much of the new spending will go on Russia's long under-funded navy. Apart from the submarines, 35 corvettes and 15 frigates will be ordered.
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At least that part is realistic. No real need for those Heli Carriers except in the Pacific where Russia has a few islands.
Time long overdue to scrap those Sovermenny DDGs. Outdated with poorly designed engines.
The Kirovs and Slava need to go too, they are too expensive to operate. Maybe keep one as a Carrier Escort (Not sold on the Russians needing a carrier though).
The Udaloys need badly to be refitted with the N-27 or another modern missile but I doubt it will happen.