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This article examines intercultural relations in Kabardino-Balkaria. Among a great number of ethnic groups living in Kabardino-Balkaria, Kabardians and Balkars are one of the largest (they are so-called titular ethnic groups). Russians are the second largest of the ethnic groups after Kabardians. We report here the results of an empirical study of the intercultural relations, mutual acculturation, and adaptation of Kabardians and Balkars ( N = 285) and Russians ( N = 249). Specifically, we examine the relevance of three hypotheses formulated to understand intercultural relations: the multiculturalism hypothesis, the integration hypothesis, and the contact hypothesis. We conducted path analysis in AMOS with two samples: a sample of Russians and a sample of the two main ethnic groups (Kabardians and Balkars), and we further compared the path models with each other. The results revealed significant effects of security, intercultural contacts, multicultural ideology, acculturation strategies, and acculturation expectations on attitudes, life satisfaction, and self-esteem in both samples. These findings partially confirm the three hypotheses in both groups. However, we also identified a regionally specific pattern. We found that, in the Russian sample, the integration strategy was negatively related to wellbeing, while contact with the dominant ethnic group was positively related to well-being. At the same time, in the sample of Kabardians and Balkars, acculturation expectations of integration and assimilation were positively related to well-being. In the article, we discuss these regional specifics.