Check out this website, Dean:
http://www.sca.org/heraldry/paul/zgrammar.html
You'll find that "Volk" is a Russian name meaning "wolf". "Beloi" appears to be a Russian masculine name for "white", and "Belaia" appears to be the feminine version of the name for "white".
"Volk Beloi" (for a male) and "Belaia Volk" (for a female) make nice names meaning "White Wolf".
-- Nanaea