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Apparently not yet they don't, but they will in 10 years time.
I read something really interesting on this last week which might have fed into Putin's timing for doing this.
Essentially it said that Russia doesn't yet have an ageing population because male life expectancy used to be so low - something like 57 - that a generation of people didn't get old. But they have a boom of people aged 18-27 - ie military age - which will last for 10 years. Then they will have an aging population, and low birth rates of the last 10-20 years mean they will have a much smaller pool of potential conscripts to recruit.