Keeping in mind that this obscurity was made on the cheap in Russia in the early 90s, there are a lot of positives here. The director tried to make a straightforward atmospheric ode to Lovecraft in a style influenced by the Italian greats, no ironic postmodern jokey humor here to dilute things. There are too few horror films of recent vintage with that kind of lofty ambition and so I give the movie an extra star for that. Some of the other reviewers have complained that the movie is way too derivative: there's really no question that Suspiria, Inferno, and Phenomena in particular influenced the makers of this movie and there are a few obvious/deliberate visual swipes/hommages here and there, but I don't see that as a problem myself. I'd rather see work by a filmmaker perhaps overly influenced by great work than one by someone who's imitating a bunch of crap.
Several of the sequences have nicely done and memorable imagery, are well lit and shot, and overall the movie looks pretty darn good for the low budget. The look of it (lots of rain in an old remote seacoastal town populated by sinister natives) sort of made me think of Stuart Gordon's later Dagon, though the two have a very different approach in tone. The acting is surprisingly not bad: the lead, Louise Salter is pretty and talented and it's a shame that this seems to be really her only movie (and the director's as well). The problems? Well, there are many awkward transitions and moments of poor plot/factual exposition which gives the film a somewhat random cobbled together feel (although the same charge can be said of Argento or Bava or other Italian greats to be fair); some scenes particularly in the middle drag quite a bit; the whole thing should probably have been quite a bit bloodier honestly; the low budget is a problem in a few key places; and unfortunately, the director cannot resist the temptation to include some creature effects toward the end that wind up bringing the whole thing down rather than doing anything positive (Didn't anyone learn from Curse of the Demon? Many other films of course make this same mistake: see Carpenter's Mouth of Madness for another Lovecraftian style narrative from this time period that also blows it badly by showing more than it should).
Bottom line, if you are a fan of serious 70s/80s euro-horror (particularly of a supernatural bent), you should probably give this a shot and watch it (perhaps rent first then decide on a purchase). After all, despite the shortcomings, there haven't been that many films made for those with these tastes in recent years, so it's not like there's a ton of other choices waiting.
