The Scottish pipe tune Highland Cathedral has this version on the guitar:

Capo at 1st fret and use the following chord changes:

First part: D, A, D, Bm, A, E, A, G, D, A, Bm, G, D, A, D

Second: A, E, F#m, C#m, D, E, A, E, A, E, F#m, C#m, D, E, A...

What would this be like on the Balalaika?