Reality is hitting Russia's blue water memories of past glories:
Russia's Severnoye Design Bureau has stopped development entirely of its Project 23560 destroyers, also known as the Lider class, and the Project 22350M frigate, an expanded derivative of the Project 22350 Admiral Gorshkov class. The company has said these ships are among its most promising future offerings and the halting of the two programs has raised questions about its long-term financial stability.
Russia might be forced to conform to their strategic reality:
My view is that Russia is a land power and needs ground forces and supporting air power to defend its huge border.
Russia's need for a navy is limited to a coastal defense force plus strategic ballistic missile submarines (SSBNs) and attack submarines both nuclear and conventional.
The coastal defense force protects the coast from invasion and attack plus it defends sea bastions where the SSBNs roam in protected regions to maintain a secure nuclear deterrent. The attack submarines defend the bastions.
This is vital because even with ideal defense spending Russia has problems defending its long border without the threat of using nuclear weapons. Russia probably needs to use "tactical" nukes to hold off a serious invasion. And Russia needs safe strategic nuclear weapons to deter an invader escalation to city destruction in response.
The good news for Russia is that despite periodic announcements of grand fleet plans--including, be still my heart, aircraft carriers--Russia seems to understand that a blue water fleet weakens Russia.
I hope the Russians resist reality. I'd rather they spread their defense rubles more thinly. But I suspect that Putin will reverse course and resume those projects.