Marxist socialism, in practice, results in a communist economy. Marxists argue that open economic systems, such as capitalism, only benefit the capitalist upper class at the expense of the majority of society, the working class. Marxists also believe status quo international trade systems only serve the interests of the richest, capitalist states.
You have chosen a Marxist political economic path. Your newly found country has rejected the support of the capitalist bloc in favor of joining the communist bloc. Your domestic industries slowly develop. Your growth lags behind the growth experienced by developing countries in the capitalist bloc. Those countries benefit from specialization and access to larger markets/resource supplies. For now, the political stability of Chechnya is at rest, but you should remember that the communist bloc was on the losing side of history during the Cold War.