This sort of watch bothers the heck out of me. I know that Raketa in particular makes lots of commemorative watches, but I find it hard to believe that patriotic Russians would be happy with this one commemorating a Nazi aeroplane. There are a lot of these for sale on eBay though; I hope they're not legit Raketas.
Workers of the World, Unite! (Though I suspect this was not made in Soviet times, there are still a lot of propaganda watches out there on eBay, and Raketa have started remaking their iconic zero at the top styles.) Starting at US $47 at http://r.ebay.com/bf5Qnf
Very clean and pretty Raketa; no papers, New Old Stock apparently made in 1992. (It seems a lot of watches were made in 1992, one of the last years of the original Raketa...) here: http://r.ebay.com/EINXXh