This could be a balloon or dirigible with strange placement of lights, but given the number of permits needed to fly such a thing in Russia, that seems doubtful. The video is not a CGI effect. Graded B. Thanks to Deb Kauble.

http://www.youtube.com/watch?v=axN-kYo5B0s&feature=email
Story Source:
http://www.youtube.com/watch?v=axN-kYo5B0s&feature=email
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