Paraphrased:

The struggle to preserve peace.

Soviet Union represents peace loving people all over the world. They support us, here are examples.

It is a global struggle for peace.

In return, we much aid their struggle for liberation.

We faced the fascists almost single handedly. Now, from China to Korea to Czechoslovakia, militaries have appeared in “people’s democracies” ready to face a any threat.

Under Tsardom any step toward progress was a grave crime.

The bourgeois is weaker now. Reactionary. They no longer have support of the people, no longer portray themselves as liberal.

Full rights for the exploited majority.

The banner must by raised by you to gain support for the majority.

Previously the bourgeois supported rights and independence of nations “above all”, now there is no trace of the national principle. They sell national rights and independence for dollars.

Sovereignty has been tossed overboard.

If you want to be patriots, there is no one else to do it (except communists).

Long live our fraternal parties.