Here, I assume that the (little) discs are the dots of the Morse code, and the "sausages" are the dashes of the Morse code.
So, beginning from the center, going out, we have :
-⸱- --- --- ⸱⸱⸱ ⸱⸱- | ⸱⸱- ⸱-⸱⸱ -⸱-⸱ --
In the Russian Morse code, it would read :
КООСУ | УЛЦМ (or transcribed in latin alphabet : KOOSU | ULCM ?)
In the reverse order, from the outside towards the center, we have :
-- ⸱-⸱- ⸱⸱-⸱ -⸱⸱ | -⸱⸱ ⸱⸱⸱ --- --- -⸱-
so :
МЯФД | ДСООК (or transcribed in latin alphabet : MYaFD
| DTsOOK ?)
Now, does that mean anything in Russian ? I hope some of the russian-speaking fellows here will be able to tell us.