According to research this is a vintage Soviet-era tapestry depicting the scene from "Little Red Riding Hood and the Wolf" (Gobelin style). Made in the USSR during the 1950s-1960s, imitating the antique French tapestry makers Gobelin. Commonly used as wall decor in Russian peasant huts or Soviet-era apartments. Made from woven carpet-style textiles. 
Actual tapestry is 17x12