US First Lady Michelle Obama appeared to throw recession out the window by flashing 5,950 black envelope clutch during a stroll in a wooded landscape outside of Moscow.

She sported the expensive shiny manila alligator clutch made by Italian luxury goods company VBH.

Michelle, popularly dubbed as "The First Lady of Fashion", was in the company of her husband, President Barack Obama, during their meeting with Russian President Dmitry Medvedev and his wife Svetlana.

The clutch forms a part of the label's Spring 2009 collection, reports the New York Daily News.

The mum-of-two has sported pricier items before when she was snapped sporting a pair of sneakers, worth 540 dollars, by French design house Lanvin at a D.C. food bank in late April. (ANI)

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