The Russian Intelligence is a pastiche spy story featuring a contemporary avatar of Moorcock's Eternal Champion, Jerry Cornell, in Swinging London, at least a decade before the book was written. Actually it is a reworking and expansion of a story originally written in 1966. This is Moorcock, after all, and the narrative probably had various earlier incarnations.
It reads like it was written very quickly. Moorcock reckoned he could do 15,000 words a day in his heyday, so for Russian Intelligence maybe a week, tops. This being Moorcock, speed doesn't mean inferior, just pacy. When all is said and done, it is a pastiche of a genre which at the time was itself pretty silly.
Jerry Connell is a Class A agent with Cell 87. We begin with Connell cradling his dying colleague, Thorp. Naturally Connell is given the job of tracking down the killers. Thorp was working on a series of leaks to the Russians. Clues lead Connell to a publisher of comics, thence to the home of a Russian diplomat who is a subscriber. While Connell is sneaking round the garden, inside the house the diplomat is being subjected to interrogation by the dreaded Joseph K (one of the better jokes), who is in awe of the British superstar. Thus the chase begins, taking in discothèques in Soho and the Norfolk Broads. That's discos in Soho and the damp nothingness of the Broads.
Connell's reputation is unjustified. The main joke is that he is lazy and cowardly and lives in fear of his wife Shirley, who seems to always know when he has picked up a new girlfriend. It all ends with a protracted chase around the fens pursued by a spectral horseman and his demonic minions, which is certainly no sillier than say Moonraker, indeed, isn't it what a moonraker used to be?
It's all great fun, expertly done, a window into a time gone by.