Russia's president approves new navy strategy

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(VOVWORLD) - Russian President Vladimir Putin has approved a new naval strategy, which aims to fully restore Russia's position as one of the world's leading maritime powers, Kremlin aide Nikolai Patrushev said on Monday.

Russia has the world's third most powerful navy after China and the US, according to multiple public rankings, though the navy has suffered a series of losses in the conflict with Ukraine.

Patrushev said the "Strategy for the Development of the Russian Navy up to 2050"  had been approved by President Putin in late May.

Russia is regaining its position as one of the world's greatest maritime powers. It has ramped up spending on defense and security to Cold War levels as a percentage of gross domestic product.

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