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Today in Russian Business – Aug 1, 2011

Today marks the 5th anniversary of Yukos Oil’s bankruptcy, and an anniversary of new lows for investor confidence, says Tim Osborne.  Continent airlines declared itself bankrupt and collapsed on Friday, leaving hundreds of tourists stranded on the Black Sea coast.  Three banker imposters were arrested last week for illegally cashing over $122 million.  Strauss Coffee, majority-owned by Israel’s Strauss Group, will buy Russia’s Ambassador brand of instant coffee for $8 million.