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Summary: Definitely not to be confused with any of Sylvester Stallone's efforts, this is a wicked satire on 'Rocky IV', in which Rocky takes on the monolithic Russian fighter Igor - and loses. Kaurismaeki describes the film as "my revenge on Mr. Stallone, who I think is an asshole". (imdb)
A comedy without punchlines or insight, a parody without any knowledge of the (eminently mockable) target. Can't stand the goddamn Leningrad Cowboys song either.
No, there's no Stallone in this one. It's a spoof of Rocky VI, done as a music video. Pretty funny, although the music is some kind of generic 80's dance track, and a bit annoying. According to a comment on iMDB, it's not the original soundtrack, so who knows what happened there.