War Balance

Germany vs India: 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%). India: Toward Russia by 2.2% of a year's GDP since 2022 (likely 1.0% to 3.2% toward Russia; very likely · >99%).

Support for Ukraine in euros: Germany €74.8bn, India €0.15bn. More in euros: Germany; more as a share of GDP: Germany.

Germany → India →

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
India−2.2%−€70.6bn · −€49 per personlikely 1.0% to 3.2% toward Russiavery likely · >99%−€0.15bn<0.01% of GDPessentially zero€70.5bn more2.2% of GDP morevery likely · >99%–€201bn6.2% 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

MeasureGermanyIndia
Cost of hosting refugees from Ukraine+€35.5bn+0.85% of GDP–
Government aid to Ukraine+€25.9bn+0.62% of GDP+€3m<0.01% of GDP
Share of EU aid to Ukraine+€11.6bn+0.28% of GDP–
Undisclosed military aid to Ukraine+€1.7bn+0.04% of GDP–
Private donations to Ukraine+€1.3bn+0.03% of GDP–
Refugee spending kept in the host economy−€0.80bn−0.02% of GDP–
Aid to Ukraine spent at home−€0.25bn<0.01% of GDP–
Purchases from Ukraine vs no war+€0.16bn<0.01% of GDP−€0.18bn<0.01% of GDP
Share of IMF and World Bank lending to Ukraine+€0.13bn<0.01% of GDP+€39m<0.01% of GDP
Extra sales to Ukraine−€0.11bn<0.01% of GDP–
Extra services sold to Ukraine−€90m<0.01% of GDP–
Other countries' aid to Ukraine spent here−€89m<0.01% of GDP−€4m<0.01% of GDP
Aid spent here on energy, relief and rebuilding−€46m<0.01% of GDP–
Russia's gain on fuel and goods it sold+€69.9bn+1.7% of GDP−€82.2bn−2.5% of GDP
Russia's gain from war-time fuel prices−€16.5bn−0.39% of GDP+€11bn+0.34% of GDP
Company taxes paid in Russia+€5.4bn+0.13% of GDP−€0.13bn<0.01% of GDP
Company profits in Russia+€5.3bn+0.13% of GDP−€0.12bn<0.01% of GDP
Russian oil bought via other countries+€4.3bn+0.10% of GDP−€52m<0.01% of GDP
Stakes in Russian oil and gas projects+€2.2bn+0.05% of GDP+€1.2bn+0.04% of GDP
Profits of Russian-owned companies abroad+€1.3bn+0.03% of GDP–
Sellers' gain on sales to Russia+€1bn+0.02% of GDP−€41m<0.01% of GDP
Extra price Russia paid because of sanctions−€0.58bn−0.01% of GDP−€0.34bn−0.01% of GDP
Services bought from Russia+€0.22bn<0.01% of GDP−€65m<0.01% of GDP
Services sold to Russia+€0.14bn<0.01% of GDP−€25m<0.01% of GDP
Shipping and insuring Russian oil−€51m<0.01% of GDP−€53m<0.01% of GDP
Weapons bought from Russia–+€0.19bn<0.01% of GDP
Rosatom projects and Russian state loans–+€0.11bn<0.01% of GDP
Frozen Russian central bank reserves€3.1bn0.08% of GDP–
Frozen Russian private assets€2.1bn0.05% 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
India−€40m−€13.2bn€0−€13.2bn
2023Germany+€14.9bn+€21.7bn+€1.6bn+€38.3bn
India−€6m−€15.1bn€0−€15.1bn
2024Germany+€14.4bn+€20.4bn+€1.5bn+€36.3bn
India−€10m−€19.5bn€0−€19.5bn
2025Germany+€18.7bn+€16.9bn+€1.1bn+€36.7bn
India−€58m−€12.4bn€0−€12.4bn
2026*Germany+€12.0bn+€16.9bn+€664m+€29.5bn
India−€32m−€10.3bn€0−€10.3bn

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-india/