The actor had just left the set of his new movie `Arthur` in New York on 30.07.10 when a heavy truck ploughed into the back of the on-loan car in which he was a passenger.
The "shell shocked" British funnyman suffered cuts and bruising in the crash.
A source told the Daily Mirror newspaper: "The whole incident was pretty terrifying. Russell was very shaken. He refused to go to A&E despite severe bruising and cuts. He`s gutted as he had just taken loan of the car."
The crash caused £6,000 worth of damage to the Lamborghini and witnesses said 35-year-old Russell was trapped in the passenger seat and had to climb out the driver`s door.
Another source explained: "It was pretty terrifying. This massive truck came out of nowhere and ploughed straight into Russell`s side of the car.
"The driver of the car ran around to the passenger door but it wouldn`t open. Russell had to climb over and escape through the driver`s door. He looked very shaken but he kept his sunglasses on.
Russell`s mother Barbara has flown out to the US from the UK to visit him while his pop star fiancee Katy Perry is performing in Malaysia.