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Russia has developed an efficient mechanism of interaction between the state and business, head of the Interros Holding Vladimir Potanin said at a meeting with Russian President Vladimir Putin on Wednesday.

According to the Interros head, the company’s attempts to enter in the middle of the 1990s the markets of Kazakhstan and Uzbekistan failed. "The experience has shown that one element was missing – a smoothly running mechanism of interaction between the state and business. Mechanisms of the state support and promotion of our international projects were not developed," Potanin pointed out.

The Interros head states that at present these mechanisms have been developed. "On your instructions the presidential and governmental administrations have been very efficiently working on these projects," said Potanin asking Putin not to leave these projects without his attention, because they are "in the middle of the road."

The president noted for his part that he has just "the necessity to talk both with President of Uzbekistan Islam Karimov and Kazakhstan Nursultan Nazarbayev."

"During these conversations there will be a reason for discussing your problems as well, in any case to express gratitude for the support they are giving you," said the Russian president.

In the course of the conversation with Putin Potanin also pointed out that the group "is going through a new stage of development owing to favourable conditions regarding various raw materials – in which we are specialising - which will make it possible to expand the company activities."

Potanin also told President Putin that the holding has completed transaction on the purchase of a major American hydrogen energy company.

"Yesterday we completed a transaction on the purchase of a major American company engaged in this sphere,” said Potanin stressing that it is the first step towards entering the North American and therefore international market of this industry products by Interros. “It will make it possible to accelerate the introduction in Russia of the existing research and we will bring it closer to the international market," the Interros head pointed out.

Potanin stressed that Interros hopes in two-three years to promote high technology products on the Russian market as well.

Asked by the president if specialists of the Russian Academy of Sciences(RAN) are taking part in the related research Potanin confirmed that all the research is made with their participation. "The Americans have a very high opinion about our research work and they are extremely interested in exchanges," the Interros head noted. "I'm happy to say that cooperation between Russian and American scientific-technical units is equal – it is an absolutely equal cooperation," Potanin stressed.

The president asked about the prospects in this sphere and recalled that it was unclear last year when these projects would pay back. Potanin replied that "The payback is not expected soon also today, because it is s long-term project, but we are getting more and more convinced that it is a right and promising sphere that is beneficial for the Russian economy."