Neveroyatnye priklyucheniya italyantsev v Rossii

This is a pretty good Soviet comedy co-produced by Soviets and some Italians (I don't remember exactly the name of the studio). Italians are portrayed as very active and jolly people, although more interested in pursuing material goals such as finding a hidden treasure in the advent of the Russian Revolution. They don't care about Communist ideals. The Russian character is the only positive character in the movie, a kind of Soviet James Bond. He finally conquers the main female character. Otherwise Soviet women are mostly absent from the movie. Clear signs of propaganda are two: 1) Italian hospitals are presented as being overcrowded so that at some point two patients (a man and a woman) have to share the same bed, 2) there is a lot of chaos in Italy and the Mafia stereotype is reinforced by a short Mafiosi.

Otherwise there aren't any references to the Soviet Communist party as far as I recall. Lots of special effects and stunts, so I suppose the Soviets spent a lot of money on the movie.