I found similar ...
An Imperial Russian Medal of Zeal, Tsar Nicholas II silver medal.
Obverse features portrait of Emperor Nicholas II with the text
"By the kindness of God Nicholas II Emperor and sovereign of all the Russia".
On reverse there is palm and oak leaf half wreath next to text [on two lines].
The portrait is the same, as is the wreath - but it does not have two lines of lettering like yours.
I had a feeling it was a medal, as I could not see a denomination on it.