Russian animation: The Hobbit (+English subtitles) 1994

Niffiwan
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Actual name: "The Treasure Under the Mountain" Commentary here: http://niffiwan.livejournal.com/8209.html
Some have speculated that maybe work was stopped because artists in Russia were just finding out about how copyright laws limited what they could make. In the USSR, artists could adapt anything they chose with no regard for copyright, especially in the 1980s when ideological restrictions were relaxed. Then suddenly the 1990s come around, and you're finding that the older ideological artistic restrictions are replaced by newer ones, except that this time you're not allowed to adapt any popular artistic creation within the last 100 years or so (because if it's popular, the upfront fees will be astronomical). Translation/subtitles were made by myself. Credits: http://animator.ru/db/?ver=eng&p=show_film&fid=5606

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