Arbat Street
Metro: Arbatskaya (light blue) or Smolenskaya (dark blue)

1.25 km pedestrian mall, where famous Muscovites like poets Pushkin and Bulat Okudjava once strolled. Kiosks selling all kinds of Russian and Soviet souvenirs line the middle of the avenue, along with portrait painters and jugglers.

Izmailovo Park - Vernisazh
Metro: Izmailovskaya
Open market days are Fri-Sun

If you can navigate the endless rows of stalls and have good bargaining sense, you can find anything at Izmailovo, and pay less than anywhere else in Moscow (especially if you head for the back of the market).

"If you have time to go to Izmailovo Market, you will be able to buy all your souvenirs in one-stop. Hundreds of vendors selling everything from novel souvenirs to expensive jewelry, matryoshka dolls to fur hats to lacquer boxes, Izmailovo Market has it all." - Dominique Winther