Hey ask historians, can you help me identify this Soviet Pin?

by EzEXE

I don't mean to use you guys as a lookit service, but i'm sort of at a loss. Looking through some old Soviet pins, most probably from the cold war era, perhaps a little before that, when I came across this guy.

http://imgur.com/gsrUART,6fUnnS7

I'm no eurasian history scholar, but it looks like this could be a pin dealing with Russia - Ukrainian relations from a very different time, and in light of current events, I wanted to see if anyone could possibly identify the pins origins, or maybe even just translate the letters on top.

Thanks in advance!

Acritas

This is a pin from a huge set with coat of arms of cities. This pin commemorates a city of Olgovo = Ольгово itself, not any particular event.

Set was called Гербы городов СССР = Coats of arms of USSR' cities.

See this collection (not complete, with 332 items) - for example

3asternJam

There are two mentions I can find of "Ольгово" (Olgovo). One is a manor house just outside of Moscow, which was used as a camp for Young Pioneers during the Soviet era.

The other one is the town of Olgovo in the Vitebsk region of northern Ukraine, which was the site of a battle between invading German forces and defending soviet forces in November/December 1941. It could be a pin commemorating that battle, or just one for the town itself.