In the speech, military officials promised to carry on”special military operation “special military operation” into 2023.
President Putin said the country was not bound on how much money Russia was willing to invest.
Minister of Defence Sergei Shoigu proposed raising the age of the mandatory Russian army service.
In the present legislation, Russians aged 18-27 could be called up to compulsory military service Mr Shoigu proposes that the law applies to people aged 21-30.
Mr. Shoigu also revealed plans to build bases in two ports that are Berdyansk and Mariupol that were taken during the Russian offensive.
The announcement came in the midst of Ukrainian President Volodmyr Zelensky travelled to the US Capitol in Washington.
This is his first time beyond Ukraine since Russia attacked 10 months ago.