According to Russian press reports, the MInistry of Defense begins a modernization program that will equip Tu-95MS bombers with new avionics and allow the aircraft to remain in service until 2020-2025 and probably longer - until 2035. Izvestia quotes a source in the Russian Air Forces Main Staff as saying that the upgrade will allow the Tu-95MS bombers to carry the new Kh-101 long-range cruise missile.

In the last START data exchange that took place in 2009, Russia declared 63 deployed Tu-95MS bombers. According to the report, only 32 of them remain operational today and "about 60 aircraft" are in storage.