This is an "old school" fantasy FED 1 "Leninets" with a beatiful engraving of Lenin's bust in the brass and painted with red enamel. This camera was most likely made in late 1980s. Here's what the seller of this camera told me about it:

""I was stationed in Moscow from 1989 to 1992. Outside Moscow every Sundays there was an flea marketers. It was quite a show. I purchased a lots of interesting stuff. There was a big economic problems during this time and people where selling every think to survive. I got the camera at that place in 1990."

Collection of Vladislav Kern