The Republic of Chechnyais a
constituent entity of the Russian Federation making part of the North
Caucasus Federal District. It is located in the south of European Russia. The capital of the
republic is Grozny, founded in 1818. Chechnya is rich in reserves of oil, gas and
raw materials needed to produce construction materials. The largest
industries in the Republic of Chechnya are oil production and refining
industries, machine building, food industry, timber and woodworking industries.
Agricultural sector specializes in the cultivation of fruits, grapes, vegetables
and grain. Local industries include fine-wool sheep breeding, poultry farming, cattle
farming. Chechnya is famous for its handicrafts, including wood and stone carving, metal craft, embroidery and
carpentry. Chechnya is home to Argun State History, Architecture and Nature
Museum Reserve with its monuments dating from the 10th to the 15th
century.
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