"The armed forces and combat capabilities of our armed forces are increasing constantly and every day. And this process, of course, we will build up on," Putin said during a televised meeting with his country's high-ranking officers.

He added that Russia will also "improve the combat readiness of our nuclear triad".

The Russian leader highlighted the new Zircon hypersonic cruise missile, which Russian troops will be able to use beginning January.

"In early January, the Admiral Gorshkov frigate will be equipped with the new Zircon hypersonic missile, which has no equivalent in the world," Putin said.

Nearly ten months into the fighting, Russia has faced a series of humiliating setbacks on the ground in Ukraine.

The Russian defence minister Sergei Shoigu said Wednesday that Russian servicemen in Ukraine are fighting "the combined forces of the West" there.

Shoigu also said that Moscow plans to use two Ukrainian port cities on the Sea of Azov that its troop seized during the offensive.

"The ports in Berdyansk and Mariupol are fully functioning. We plan to deploy there bases for support vessels, emergency rescue services and ship repair units of the navy," Shoigu added.