That should come as no surprise. The Kremlin struggled to fund shipbuilding even before the novel-coronavirus pandemic sent oil prices plummeting to zero in late April 2020.Russia’s defense ministry has suspended the development of the Project 23560 nuclear-powered cruiser and the Project 22350M frigate, Interfax reported.The two projects represented the navy’s main efforts to modernize its “blue-water” fleet of battlecruisers and destroyers. Suspending the two projects further accelerates the Russian navy’s decades-long evolution into a mostly “green-water” coastal force.The problem, as always, is money. Russia spends around $70 billion annually on its armed forces, just a tenth what the United States spends on its own military. At that level of spending, Moscow cannot afford to maintain the same blue-water navy that Washington does.