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Today in Russian Business – Aug 5, 2011

On the DIY boom.  Budget Moscow home owners are losing money on their investments into cheap housing as poorly-equipped buildings are slated for demolition.  Moscow official Andrei Sharonov discusses plans for the city’s expansion.  Lonely Russians are finding solace in social networking, says the Moscow Times.  Russian stocks are struggling this week, in line with the global sell-off, ‘intensifying concern that the global economy is weakening’.  Africa-based Randgold Resources places Russia among the world’s top three gold mining frontiers.  Cheap Russian grain supplies are hitting U.S. exports.