Christian Carion, who scored an Oscar nod for his last feature (2005’s Joyeux Noël), devotes his fourth film to one of the lesser-known but more important events in the crumbling of the Soviet Union. Farewell, which gets its title from the code name of a KGB turncoat who gave Soviet intelligence to France in the early 1980s, would like to be a taut psychological thriller. Regrettably, its two lead performances are complemented by ill-placed musical cues (Pink Floyd’s “Run Like Hell” at the height of one character’s paranoia), celebrity cameos (Willem Dafoe!), and maybe the worst Ronald Reagan imitation ever put on film. Far more worthy are the two leads—Emir Kusturica as the Baudelaire-quoting KGB defector and Guillaume Canet as his low-level contact in the French embassy in Moscow. Kusturica’s weary, hangdog complexion (and a more than passing resemblance to John C. Reilly) convey years of frustration with the Soviet regime. And Canet, whose résumé includes genuinely chilling films like The Beach and his own Tell No One, imbues his reluctant spy with the right amounts of anxiety and fear. But ultimately, Farewell is undone by historical name-dropping that frequently distracts from Kusturica and Canet. It’s a real shame, and it leaves this Cold War genre thriller, well, cold.