No, saying that it lacks verisimilitude. When fiction’s plot prevents you from suspending disbelief, it makes it hard to take it seriously as a comment on reality.
Magic is fine. People should act the way that people act.
Russia is a state that has occupied at 7/8 European countries in the last century.
Judaism is a somewhat vaguely defined cultural/religious grouping.
In European history the last large scale attempt to blur the distinction between race and state ended with attempted genocide. It's somewhat distasteful to continue repeating that mistake.
I watched the TV series and it was actually remarkably sympathetic towards the Russians involved. The Russian government obviously wasn't very pleased with it, but I doubt the EU were either (it portrays neither state in a good light).
The way America treats Russia (in TV, movies and the media, where it's the bogeyman du jour), on the other hand, is vastly different and arguably quite russophobic.