Avoid the rip-off fly boys manning the Arbat souvenir stalls and head to this old-fashioned souvenir shop on the corner of Arbat and Konyushennaya. Great selection of matryoshki and wooden toys, china and glassware and a fair selection of table linens.
Wooden Christmas decorations are especially good value. Even better for the tourist, everything is clearly labelled with its price.
Corner of Arbat and Konyushennaya; nearest metro is Arbat (dark blue line)
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