I’m gonna guess you don’t mean the Russian adaptation from 1991: https://m.imdb.com/title/tt12121178/

And you mean this one from 1977: https://m.imdb.com/title/tt0077687/

I haven’t watched it but based on the screenshots, while an outdated style I’d rather say I like the character design. A bit too cartoonish and childish but that kinda belongs in the realm of the Hobbit, so to me it fits quite well.