Politics and wrestling have always been mixed up with each other. Usually it's the evil invaders like Ivan Koloff, Fritz von Erich, Kamala, the Ugandan Giant, many traditional enemies. Occasionally there were countries with which the US had always been friendly who's wrestlers came with anti-US sentiment- The Sheepherders, the whole Japanese thing. It's just a strange thing. many of these traditional foes ended up being heroes later on as well.
So here's a Memphis take on the Russians. Apparently this was an attempt to cash in on "The Day After" or "Amerika" or some nonsense that was on the TV around the same time. I've included both parts, since it all fits together and shows us that distilling complex international relationships into a wrestling angle is not a great idea.