With Russia presently highly flush with a large monetary budget to spend on their military resources. Modernation of their hardware forges ahead.
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Russia starts large-scale naval exercise in the Pacific
[link to en.rian.ru]

Over 20 combat and auxiliary ships from Russia's Pacific Fleet started on Tuesday a large-scale naval exercise in the Sea of Japan, which includes live firing drills, a fleet spokesman said.

"The exercise is part of the summer combat training program," Captain 1st Rank Roman Martov said. "More than 20 combat and auxiliary ships will participate in about 20 individual and group drills."

During the exercise, the Varyag and the Bystry will test-fire new surface-to-air missiles at a target drone.
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The Marshal Shaposhnikov, an Udaloi-class anti-submarine warship. The Russian Navy has resumed patrolling the world’s oceans, Defense Minister Anatoly Serdyukov told Russia’s President Vladimir Putin at a meeting in the Kremlin.
[link to en.rian.ru]

The Steregushchy corvette is the first warship to be built at the Northern Shipyard in St. Petersburg in the past 15 years. It is also the first Almaz shipyard’s Project 20380 stealth class warship built for the Russian Navy.
[link to en.rian.ru]

The Astrakhan new generation river-sea type gunboat was built by the St. Petersburg Almaz shipyard. The vessel delivered to the Caspian Flotilla features stealth technology and is designed to protect Russia’s 200-mile economic zone and provide naval gunfire support for counterterrorist operations.
[link to en.rian.ru]

The K-117 Bryansk SSBN (NATO classification Delta IV), the 1,000th submarine built in Russia, has been overhauled and modernized to receive cutting-edge equipment for lower noise and improved enemy submarine detection capability.
[link to en.rian.ru]

The St. Petersburg (Project 677) during running tests ahead of its delivery to the Russian Navy in 2007. The Lada-class diesel submarine launched in October 2004 is the best in the class featuring virtual silence, powerful missiles and torpedoes, and sophisticated sonar equipment. The Admiralty Shipyard is building another three Lada-class submarines, and plans to launch between four and six of them by 2015.
[link to en.rian.ru]

The Project 21630 Makhachkala gunboat’s construction starts in St. Petersburg (the Astrakhan gunboat is in the background).
[link to en.rian.ru]

The Yury Dolgoruky, a Borey-class nuclear missile submarine, was built at the Sevmash plant in the northern Arkhangelsk Region. It will be equipped with the Bulava ballistic missile, which is adapted from the Topol-M (SS-27).
[link to en.rian.ru]

The K-433 St. George (Delta III) submarine.
[link to en.rian.ru]