In 2014, President Putin awarded Nisanov the Order of Friendship "for his great contribution to economic project implementation and investment fund raising for Russian Federation economy". One year after Putin's initial decree he was decorated with a memorial medal “70th Anniversary of Victory in the Great Patriotic War of 1941–1945“.
Nisanov was elected vice president of the World Jewish Congress, selected by communities from 115 countries, in September 2014.
Nisanov has donated to schools and projects through the World Jewish Congress, of which he was elected vice-president in 2014. As part of that role, he serves as the director of the Association of Mountain Jews.