Holodna hmoora.
>> Cold, hard, empty.

Eemruchnoh v'doosheh
>>Light that has left me,

Kak mohg znat ya shtoh tee oomriosh?
>>How could I know that you would die?

Do svidonia, byehreg rodnoy
>>Farewell again, our dear land.

Kak nam troodnag pridstahvit shtoh eto nyeh sohn.
>>So hard for us to imagine that it's real, and not a dream.

Rodina, dom radnoy,
>>Motherland, native home,

Do svidonia Rodina.
>>Farewell, our Motherland.

Ay. Avepakhod, avepakhod, nass val nahmarskaya zhdyot nyehdazh dyotsyah.
>>Let's go; the sea is waiting for us.

Nass zah vootmarskaya dah, ee preeboy!
>>The vastness of the sea is calling to us, and the tides!

Salute otsam ee nashem dedum
>>Hail to our fathers and forefathers.

Zahvietum eekh fsigdah vierney.
>>We are faithful to the covenant made with the past.

Tepierre nichtoh, nee astanoivit,
>>Now nothing can stop

Pabiedney shark, radnoy straney.
>>Our Motherland's victorious march.

Tiy pliyvee, pliyvee bestrashna,
>>Sail on fearlessly,

Gordest say viernykh marieye.
>>Pride of the Northern Seas.

Revoluytziye nadezhdah sgoostk vierif sekh luydeye.
>>Hope of the Revolution, you are the burst of faith of the people.

the last two stanzas repeat a couple of times, then...

V'oktyabreh, v'oktyabreh,
>> In October, in October,

Rahpar tu ium miy nashe pabiediy.
>>We report our victories to you, our Motherland.

V'oktyabreh, v'oktyabreh,
Novie meeir fahli numnashy dehidiy.
>>And to the heritage left by you for us.

Thanks to Razvan