What really happened to Ivan Drago after that crushing (yet satisfying) loss to Rocky Balboa???
Dolph Lundgren has a few ideas ... and they involve brutal Russian punishment and a job with the Putin administration.
Dolph appeared on the Hallmark Channel's "Home & Family" (airs Thursday morning) where he was asked to pick up Drago's life story from where it left off in 1985 after Rocky beat that ass in Moscow.
Long story short ... dude had it rough. But screw him -- he killed Apollo.
Eat it, Drago.