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What do you all think this watch is about?

Got this for $10 at a flea market. I’m guessing the word in the center is “Democracy”? The guy I bought it from says he got it from a guy who emigrated from Russia in the 90s. A little googling says it’s from 1987. Just trying to figure out if it’s “pro-USSR” or given when it was made it’s not some pro-perestroika, pro-Gorbachev statement. It’s got the hammer & sickle so I think it’s the former but not 100% sure.

Basically… based or not based?

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