War Balance

Canada vs Switzerland: support for Ukraine and trade with Russia since 2022

Canada: Toward Ukraine by 0.51% of a year's GDP since 2022 (likely 0.38% to 0.78% toward Ukraine; very likely · >99%). Switzerland: Toward Ukraine by 1.0% of a year's GDP since 2022 (likely 0.44% to 1.4% toward Ukraine; very likely · >99%).

Support for Ukraine in euros: Canada €8.8bn, Switzerland €8.3bn. More in euros: Canada; more as a share of GDP: Switzerland.

Canada → Switzerland →

These numbers measure money: aid to Ukraine and the change in what Russia keeps from trade, against a world without the war. Weapons count at their money value: aid at market value when delivered, weapons and troops sent to Russia at the seller's gain where Russia paid and in full where it did not. Votes, diplomacy and intent are not in them.

Side by side

#CountryNetSupport for UkraineRussia kept from trade, vs no warRussian money frozen (return lost)Paid Russia since 2022
Canada+0.51%+€10.6bn · +€258 per personlikely 0.38% to 0.78% toward Ukrainevery likely · >99%+€8.8bn+0.42% of GDPvery likely · >99%€1.7bn less0.08% of GDP lessvery likely · 98%€95m<0.01% of GDP€3.5bn0.17% of GDP
Switzerland+1.0%+€8.7bn · +€966 per personlikely 0.44% to 1.4% toward Ukrainevery likely · >99%+€8.3bn+0.97% of GDPvery likely · >99%€1.6bn more0.18% of GDP morelikely toward Russia · 86%€2bn0.23% of GDP€19.9bn2.3% of GDP

Each row: the best estimate, then its range and the chance of its direction, as in the country's panel.

What makes up each number

MeasureCanadaSwitzerland
Government aid to Ukraine+€6.6bn+0.32% of GDP+€1.4bn+0.16% of GDP
Cost of hosting refugees from Ukraine+€1.8bn+0.09% of GDP+€6.5bn+0.76% of GDP
Private donations to Ukraine+€0.42bn+0.02% of GDP+€0.57bn+0.07% of GDP
Refugee spending kept in the host economy−€51m<0.01% of GDP−€0.14bn−0.02% of GDP
Share of IMF and World Bank lending to Ukraine+€46m<0.01% of GDP+€29m<0.01% of GDP
Aid to Ukraine spent at home−€40m<0.01% of GDP–
Extra services sold to Ukraine−€13m<0.01% of GDP−€4m<0.01% of GDP
Purchases from Ukraine vs no war+€12m<0.01% of GDP–
Extra sales to Ukraine−€7m<0.01% of GDP–
Aid spent here on energy, relief and rebuilding−€2m<0.01% of GDP−€5m<0.01% of GDP
Other countries' aid to Ukraine spent here−€2m<0.01% of GDP−€1m<0.01% of GDP
Russia's gain on fuel and goods it sold+€1.5bn+0.07% of GDP−€0.49bn−0.06% of GDP
Company taxes paid in Russia+€97m<0.01% of GDP+€0.34bn+0.04% of GDP
Company profits in Russia+€91m<0.01% of GDP+€0.58bn+0.07% of GDP
Shipping and insuring Russian oil−€23m<0.01% of GDP−€23m<0.01% of GDP
Profits of Russian-owned companies abroad+€20m<0.01% of GDP–
Sellers' gain on sales to Russia+€19m<0.01% of GDP+€50m<0.01% of GDP
Services bought from Russia+€15m<0.01% of GDP+€0.12bn+0.01% of GDP
Russian oil bought via other countries+€6m<0.01% of GDP−€0.20bn−0.02% of GDP
Russia's gain from war-time fuel prices−€4m<0.01% of GDP−€1.5bn−0.17% of GDP
Services sold to Russia+€2m<0.01% of GDP+€0.12bn+0.01% of GDP
Gold and hidden payments to Russia–−€0.50bn−0.06% of GDP
Extra price Russia paid because of sanctions–−€100m−0.01% of GDP
Frozen Russian central bank reserves€77m<0.01% of GDP€1.1bn0.13% of GDP
Frozen Russian private assets€18m<0.01% of GDP€0.85bn0.10% of GDP

+ toward Ukraine, − toward Russia

Year by year

YearCountrySupport for UkraineTrade: toward Ukraine (+) / toward Russia (−)Russian money frozenNet
2022Canada+€2.5bn+€508m+€11m+€3.0bn
Switzerland+€1.6bn−€670m+€141m+€1.1bn
2023Canada+€2.1bn+€366m+€30m+€2.5bn
Switzerland+€1.8bn−€530m+€559m+€1.8bn
2024Canada+€1.5bn+€308m+€27m+€1.8bn
Switzerland+€1.7bn−€163m+€566m+€2.1bn
2025Canada+€1.3bn+€284m+€18m+€1.6bn
Switzerland+€1.7bn−€412m+€441m+€1.8bn
2026*Canada+€1.4bn+€282m+€10m+€1.7bn
Switzerland+€1.4bn+€200m+€262m+€1.9bn

Each year's amount: + toward Ukraine, − toward Russia. *2026: to August.

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Cite as: War Balance, figures to August 2026, https://warbalance.org/compare/canada-vs-switzerland/