Sportivnie watches were produced by the first Moscow Watch Factory in the 1950ies and early 1960ies. They were fitted with two versions of a hacking stop caliber produced by the First Moscow Watch Factory; an earlier 15 jewels movement and an improved 17 jewels one. This watch has the 17 jewels movement and a one-piece screw in backcase.
Other transliterations: sportivniye
Original name in Cyrillic: Спортивние
Some pictures:
Backcase:
Movement view: