The word on the left is Холуй (Kholuy), one of the four centres of Russian lacquer art:
http://www.russianlacquerart.com/cnt/Kholui
http://www.russianamericancompany.com/kholui-lacquer-boxes/
(links provided for their informational value only).
The artist's name on the right appears to be Попов (Popov). This site lists a Kholui artist of that name, but provides no biographical information:
https://sunbirds.com/texts/artists/Kholui
I can't read the word after Kholui, unfortunately.
