This was announced by the Minister of economic, territorial development and trade of the Republic Abdul Magomadov.

"Despite the turbulent economic situation, we managed this year for the first three quarters to ensure the growth of industrial production by 9.3%, the volume of production of agricultural products increased by 10.3%. Also through the effective use of budget funds and active attraction of investments for more than 31 thousand people to reduce the number of unemployed. Despite the enormous external pressure and "holes" in the budget, we set extremely ambitious objectives", — said A. Magomadov.

He acknowledged that Western sanctions have affected some of the economic development of the region.

"But we managed to keep positive dynamics of the main socio-economic indicators. The head of Chechnya Ramzan Kadyrov always says that we need to try to benefit from Western sanctions and wrap them to your advantage is a strategic objective! Based on this principle, we build a job. The most important thing – in connection with the sanctions in Chechnya there is no decline in production, on the contrary, there is growth", — the Minister added.