Hot property in Russia - the iPhone

It seems that people in Russia are no longer asking their Western colleagues to bring branded jeans, rock CDs and other items of decadence with them on their visits - the hot property is, now, according to Fox News, the Apple iPhone.

Fox News says that even Russian President Dmitry Medvedev has been seen using an iPhone.

In Moscow an unlocked iPhone 3G sells for around £600 whilst an 8GB original iPhone, meanwhile, sells for around two-thirds of this amount.

Fox News quotes Moscow's Mobile Research Group as saying the iPhones are being brought in using suitcases with no-one paying any customs fees. Tsk!

So far, the Russian research firm reckons that around 400,000 iPhones have been brought into Russia since the first model was released in the West just over a year ago.

That's a lot of iPhones going walkabout...