Is there any official speech contest for foreigners learning Russian, akin to the Japanese Speech Awards (JSA)?
This question is somewhat related to the question "Is there a Russian analogue of British Council or Goethe-Institut".
All boils down to the fact that there does not exists such strong institution which can provide such contest on appropriate level.
Yet, in the year 2011 such contest has been conducted. So called "1-й всемирный фестиваль русского языка" (under МАПРЯЛ guidance), as far as I know, included, among other things, speech contest as well.
I've never heard about the second one.
As for link, provided by Roman Yankovsky, it's a little bit different story, since (correct me someone who knows this staff better, I might be wrong) major part of contestant were foreign pupils that had studied in russian schools.