Not what I'd call "on the verge of collapse" but certainly sounds like the Russian military is on something of a downward spiral according to recent posts on the strategy page. In particular: Attrition: The Russian Fade There's more in this post including the quote below which actually talks about the Russian navy: China: Give Peace A Chance
Putin today said in his speech as he started another season as president that the Russian people must work harder so that the Goals will be reached. I thought it was up to Putin to make more great decisions.
The USN re-activates the 2nd Fleet in the North Atlantic to counter the growing Rooskie threat. Navy to re-establish 2nd Fleet as Russia increases activity in the Atlantic
The WW2 boats that were given the GUPPY III Mod got them. The large sail is referred to as a "northern sail" because it's height above the waterline allows it to be manned in more severe weather.
Another article detailing some of the "quality" of Russian military items. In this case mostly ammo related: Russian Soldiers Are Complaining About Exploding Guns
Neat article. Step aboard the Admiral Kuznetsov, Russia's aircraft carrier that's considered one of the worst in the world
The command ships Blue Ridge and Mount Whitney, commissioned in 1970/71, are now planned to remain in service until 2039, almost 70 years!
USS Constitution has been commissioned for some 220 years & is still afloat . . . upkeep trumps age in some cases.
Same for the Tu-95 Bear. Both first flew in '52 and both are still going are in in their respective air forces.
5 or 6 near total reconstructions didn't hurt either. Estimates run that only 10 to 15 percent of the ship is original, and that is mainly her keel.
The latest article on the Russian Navy on the strategy pate: Surface Forces: Russia Stumbles Towards The Future makes it sound pretty bad there. Perhaps not "on the verge of collapse" but not far from it. There have been some issues with this site recently so don't take it as gospel.