Even while recognizing that it's propaganda, one can also appreciate it as hilarious and expert-level spin and trolling by state actors. I agree it's worth the watch. You don't have to agree with its interpretation of events, but you can think critically about why the message they crafted would appeal to one target audience while inciting anger and frustration in another target audience, and what goals the video's producers might have in making it.

I'll venture to guess: (1) for a good laugh, (2) we can learn from the truths in it.

Separate intent from the truths and repurpose it.