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This article was originally published on Asian Dispute Review, issue 1 , 2023. This article discusses the proliferation of foreign investors seeking redress through arbitration as a result of the international sanctions imposed against Russia and special retaliatory economic counter-measures imposed against certain investors. It suggests that HKIAC, as a Permanent Arbitration Institution (PAI) designated under Russian law, would be a preferred arbitral institution for the resolution of these disputes and argues that Russian-related disputes administered at HKIAC can achieve practicable results for investors with assets in Russia, highlighting several benefits and challenges accruing to such parties as a result of PAI designation. Introduction The imposition of international sanctions on Russia has resulted in the freezing of half of the nation's foreign exchange reserves. In response, Russia has enacted retaliatory special economic counter-measures against foreign investors affiliate
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