International Arbitration Court of the International Chamber of Commerce (ICC) and Singapore International Arbitration Center (SIAC) were recongized by the Russian Ministry of Justice as permanent foreign arbitration institutions who may administer arbitration of disputes with Russian companies without limitations, as it was envisaged by the reform of international arbitration in Russia from 2016. For details see: https://iccwbo.org/media-wall/news-speeches/russian-ministry-of-justice-grants-icc-permanent-arbitration-institution-status/ and http://www.siac.org.sg/69-siac-news/711-siac-licensed-to-administer-disputes-in-russia).
Now business may include in their contracts with Russian counterparties arbitration clauses providing for dispute resolution by International Arbitration Court of the International Chamber of Commerce (ICC) and Singapore International Arbitration Center (SIAC). Their awards will be recognized and enforced in Russia similar to awards of Russian arbitration institutions such as MKAS (International Commercial Arbitration Court at the Chamber of Trade and Commerce).
As we reported earlier, in 2019 Russian Ministry of Justrice acknowledged that Vienna International Arbitration Center (VIAC) and Hong-Kong Internatonal Arbitration Center may administer arbitration of disputes with Russian companies without any limitations.