War Balance

Germany vs Finland: support for Ukraine and trade with Russia since 2022

Germany: Toward Ukraine by 3.7% of a year's GDP since 2022 (likely 2.6% to 5.0% toward Ukraine; very likely · >99%). Finland: Toward Ukraine by 8.5% of a year's GDP since 2022 (likely 5.4% to 12.6% toward Ukraine; very likely · >99%).

Support for Ukraine in euros: Germany €74.8bn, Finland €5.3bn. More in euros: Germany; more as a share of GDP: Finland.

Germany → Finland →

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
Germany+3.7%+€153bn · +€1,828 per personlikely 2.6% to 5.0% toward Ukrainevery likely · >99%+€74.8bn+1.8% of GDPvery likely · >99%€72.6bn less1.7% of GDP lessvery likely · >99%€5.3bn0.13% of GDP€69.3bn1.7% of GDP
Finland+8.5%+€23.1bn · +€4,108 per personlikely 5.4% to 12.6% toward Ukrainevery likely · >99%+€5.3bn+1.9% of GDPvery likely · >99%€17.4bn less6.4% of GDP lessvery likely · >99%€0.40bn0.15% of GDP€10.7bn3.9% 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

MeasureGermanyFinland
Cost of hosting refugees from Ukraine+€35.5bn+0.85% of GDP+€1.5bn+0.56% of GDP
Government aid to Ukraine+€25.9bn+0.62% of GDP+€2.7bn+1.0% of GDP
Share of EU aid to Ukraine+€11.6bn+0.28% of GDP+€0.95bn+0.35% of GDP
Undisclosed military aid to Ukraine+€1.7bn+0.04% of GDP–
Private donations to Ukraine+€1.3bn+0.03% of GDP+€77m+0.03% of GDP
Refugee spending kept in the host economy−€0.80bn−0.02% of GDP−€14m<0.01% of GDP
Aid to Ukraine spent at home−€0.25bn<0.01% of GDP−€9m<0.01% of GDP
Purchases from Ukraine vs no war+€0.16bn<0.01% of GDP+€6m<0.01% of GDP
Share of IMF and World Bank lending to Ukraine+€0.13bn<0.01% of GDP+€14m<0.01% of GDP
Extra sales to Ukraine−€0.11bn<0.01% of GDP–
Extra services sold to Ukraine−€90m<0.01% of GDP−€4m<0.01% of GDP
Other countries' aid to Ukraine spent here−€89m<0.01% of GDP−€3m<0.01% of GDP
Aid spent here on energy, relief and rebuilding−€46m<0.01% of GDP−€6m<0.01% of GDP
Russia's gain on fuel and goods it sold+€69.9bn+1.7% of GDP+€15.2bn+5.6% of GDP
Russia's gain from war-time fuel prices−€16.5bn−0.39% of GDP−€0.45bn−0.16% of GDP
Company taxes paid in Russia+€5.4bn+0.13% of GDP+€0.75bn+0.28% of GDP
Company profits in Russia+€5.3bn+0.13% of GDP+€1.2bn+0.43% of GDP
Russian oil bought via other countries+€4.3bn+0.10% of GDP+€0.39bn+0.14% of GDP
Stakes in Russian oil and gas projects+€2.2bn+0.05% of GDP–
Profits of Russian-owned companies abroad+€1.3bn+0.03% of GDP+€69m+0.03% of GDP
Sellers' gain on sales to Russia+€1bn+0.02% of GDP+€0.14bn+0.05% of GDP
Extra price Russia paid because of sanctions−€0.58bn−0.01% of GDP−€15m<0.01% of GDP
Services bought from Russia+€0.22bn<0.01% of GDP+€39m+0.01% of GDP
Services sold to Russia+€0.14bn<0.01% of GDP+€58m+0.02% of GDP
Shipping and insuring Russian oil−€51m<0.01% of GDP–
Frozen Russian central bank reserves€3.1bn0.08% of GDP€0.26bn0.09% of GDP
Frozen Russian private assets€2.1bn0.05% of GDP€0.14bn0.05% of GDP

+ toward Ukraine, − toward Russia

Year by year

YearCountrySupport for UkraineTrade: toward Ukraine (+) / toward Russia (−)Russian money frozenNet
2022Germany+€14.7bn−€3.2bn+€362m+€11.9bn
Finland+€653m+€2.8bn+€29m+€3.5bn
2023Germany+€14.9bn+€21.7bn+€1.6bn+€38.3bn
Finland+€1.7bn+€4.6bn+€127m+€6.4bn
2024Germany+€14.4bn+€20.4bn+€1.5bn+€36.3bn
Finland+€1.4bn+€4.0bn+€110m+€5.5bn
2025Germany+€18.7bn+€16.9bn+€1.1bn+€36.7bn
Finland+€906m+€3.2bn+€83m+€4.2bn
2026*Germany+€12.0bn+€16.9bn+€664m+€29.5bn
Finland+€642m+€2.8bn+€50m+€3.5bn

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/germany-vs-finland/