The article reveals the role of risk reflection and mediation technologies in the process of conflict regulation in a multicultural society. The factor of stabilization and the achievement of order is a stable institutional structure of society, which organizationally and materially provides and maintains a variety of relations between ethnic groups. At the same time, along with institutional and legal methods of regulating interethnic relations, a mediational approach, which lays the foundation for a constructive dialogue, is acquiring special relevance. The main task of the dialogue is the parties' reaching a mutually acceptable agreement on the subject of the dispute. The article shows that along with regulatory and power intervention in the conflict, mediation technologies also have a high level of efficiency. The use of mediation technologies in the settlement of ethno-cultural conflicts also presupposes risk-reflection of the conflict. Risk is revealed as a concept that expresses the ratio of benefits and losses in a situation of uncertainty and non-guaranteed results of actions and risk-reflection is revealed as a choice of a strategy based on a comprehensive understanding of the situation, serving as the starting point for individual and collective decisions. The authors show that risk-reflection as an understanding of a possible threat and as a principle of achieving success should be considered as one of the structural components of the conflict, influencing the constructive management of social processes, and mediation technologies should be woven into the canvas of resolving contradictions associated with the presence of risks. For this reason, one of the main areas of work to regulate relations in multiethnic societies is to reduce the threat of the emergence and renewal of contradictions through the effective use of methods for analyzing the risk of interethnic conflicts, and the development of the use of mediation technologies can be considered a priority area of work to minimize the risks of interethnic conflicts.