The Russian Navy is the naval arm of the Russian Armed Forces. It has existed in various forms since 1696. Its present iteration was formed in January 1992 when it succeeded the Navy of the Commonwealth of Independent States (which had itself succeeded the Soviet Navy following the dissolution of the Soviet Union in late December 1991).

The Imperial Russian Navy was established by Peter the Great (Peter I) in October 1696. The symbols of the Russian Navy, the St. Andrew's ensign (seen to the right), and most of its traditions were established personally by Peter I.

The Russian navy possesses the vast majority of the former Soviet naval forces, and currently comprises the Northern Fleet, the Pacific Fleet, the Black Sea Fleet, the Baltic Fleet, the Caspian Flotilla, the permanent task force in the Mediterranean, Naval Aviation, and the Coastal Troops (consisting of the Naval Infantry and the Coastal Missile and Artillery Troops).

The Russian navy suffered severely with the collapse of the Soviet Union due to insufficient maintenance, lack of funding, and subsequent effects on the training of personnel and timely replacement of equipment. Another setback was attributed to Russia's domestic shipbuilding industry, which was in decline due to the absence of modern hardware and technology.

In 2013, a rise in gas and oil prices enabled a sort of renaissance of the Russian Navy due to increased available funds, which may have allowed Russia to begin "developing the capacity to modernize". In August 2014, Defence Minister Sergei Shoigu said that Russian naval capabilities would be bolstered with new weapons and equipment within the next six years in response to the enlargement of NATO and the beginning of the Russo-Ukrainian War.^{[needs update]}

As of September 2024^[update] the non-operational aircraft carrier Admiral Kuznetsov is the Russian Navy's only carrier leaving the Russian Navy without an operational aircraft carrier. Further, reports that the Admiral Kuznetsov's crew of ca. 1500 has been reassigned to the Russian Army for combat duty in Ukraine indicates that there is no plan to make the Russian Navy a carrier navy again.

The 1991 dissolution of the Soviet Union led to a severe decline in the Russian Navy. Defence expenditures were severely reduced. Many ships were scrapped or laid up as accommodation ships at naval bases, and the building program was essentially stopped. Sergey Gorshkov's buildup during the Soviet period had emphasised ships over support facilities, but Gorshkov had also retained ships in service beyond their effective lifetimes, so a reduction had been inevitable in any event. The situation was exacerbated by the impractical range of vessel types which the Soviet military-industrial complex, with the support of the leadership, had forced on the navy—taking modifications into account, the Soviet Navy in the mid-1980s had nearly 250 different classes of ship.

The Kiev-class aircraft carrying cruisers and many other ships were prematurely retired, and the incomplete second Admiral Kuznetsov-class aircraft carrier Varyag was eventually sold to the People's Republic of China by Ukraine. Funds were only allocated for the completion of ships ordered prior to the collapse of the USSR, as well as for refits and repairs on fleet ships taken out of service since. However, the construction times for these ships tended to stretch out extensively: in 2003 it was reported that the Akula-class submarine Nerpa had been under construction for fifteen years.