Let's be fair. Let's assume this is not a fake.
At least the uniforms, army jeeps, sun glasses and related accoutrements all look authentic. So is the quality of the footage; it looks like genuine 9 mm. The film is highly amateuristic though. An army cameraman would never move so haphazardly, shoot straight into the sun, or fail to slowly and completely circle and capture an object of potential military importance.
On the other hand, by 1969 the Soviets were very busy developing their first AEW (AWACS) plane, the TU-126 Moss, and the 6-7 yards diameter disc in the film (with remnants of a broken-off strut?) could be the rotordome of an experimental model. That would also explain the apparent secrecy surounding the film and the incident.
My 2 cts.
EDIT
Wait a minute. Let me add 2 more cents. It seems that all the soldiers are wearing officer belts (without shiny buckle) and not regular soldiers' belts (with a square, shiny buckle). This indicates that the footage is a hoax. But then there was a change in Soviet uniform styles precisely in 1969, so who knows...
2nd EDIT
Some time ago we had a discussion of the UFO phenomenen in the Backroom. I seem to recall that quite a few members took them seriously. Why is it that, when a concrete UFO sighting comes up, none of them ventures a hypothesis and skeptic old me is about the only one who takes the trouble to analyse the thing at all? Funny, that.
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