Future and Modernisation
Further information: Future of the Russian NavyThe recent improvement in the Russian economy has led to a significant rise in defence expenditure and an increase in numbers of ships under construction, focusing on submarines, such as the conventional Petersburg (Lada) class and nuclear Severodvinsk (Yasen) class. Some older ships have been refitted as well. Jane's Fighting Ships commented in 2004 that the construction programme was too focused on Cold War scenarios, given the submarine emphasis. The Steregushchiy class corvettes, the lead ship of which was laid down on 21 December 2001, is the first new surface construction since the collapse of the Soviet Union, while the new Admiral Sergei Gorshkov class frigates marks the first attempt of the Navy to return to the construction of large blue water capable vessels.
On April 28, 2010, The Ukrainian parliament ratified an agreement to extend Russia's lease of Crimean base facilities to 2042 with an option for five more years, through 2047.
Read more about this topic: Russian Navy
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