Russia has had several re armament plans ever since the end of Soviet Union. Non of which have fully materialized. You can plan on being the master of universe, but with GDP of Spain, that is hardly possible. If Russia wants to bancrupt herself with armaments programs, then they wil only be less of a threat. The fact is that currently Russia is doing lot of nice business with EU and vice versa, which benefits both parties. War would be bit bad for such business.