Russian Market is the most popular market among tourists and expats and probably the best place to pick up souvenirs. It does not look like much from the outside but when you get in you will find everything from beautifully hand carved statues, colorful lanterns and handmade silk scarves to fake bags, printed T-shirts and DVDs.
Russian market is located in the south part of Phnom Penh and is known to the locals as Phsar Toul Tom Poung. The reason why it is called Russian market is because it was a popular market among the Russian expats during the 1980s when most of the western expats in Phnom Penh were Russian.
It is a narrow and sometimes steamy market since most of the stalls do not have Air-conditions or even a fan, but it is still worth the visit and if you get tired you can always take a relaxing coffee at one of the cafés around the market.