Restoring an old xUSSR bicycle for commuting... Feasible? Silly?
The exact model is Start Shosse from Kharkiv Bicycle factory (ХВЗ Старт-шоссе) Wikipedia link about factory.

This particular bike was a dream of many soviet youngsters, but in reality it is not anything special, as Soviet Olympic team rode on Colnago bikes.

It is quite popular trend here (in Latvia, ex USSR member country) to make a fixed gear bike from that cheap frame. Other parts are not of very good quality and sometimes it is very hard to find fitting spares from other manufacturer.

There is no special reason to keep that frame, as other vintage frames could be a better choice, but there is nothing wrong with it either.