Interros approves its development strategy as an investment fund, a “blue chip mint”. The company begins to follow best practices in corporate governance. Norilsk Nickel continues its structural improvements. Norilsk Nickel MMC is to become the company’s capitalization driver by exchanging a stake in RAO Norilsk Nickel. Interros, together with a number of other Russian investors, acquires a large stake in JSCO Elektrosila, as well as a 100% stake in OJSC ZTL and OJSC LMZ. In November, Interros creates Power Machines managing company to restructure the financial side of the acquired assets. Perm Motors, another industrial asset of Interros, experiences explosive growth  Over a nine-month period in 2000, the conglomerate’s revenue increases by a factor of 7.5.