War Balance

India vs United States: support for Ukraine and trade with Russia since 2022

India: Toward Russia by 2.2% of a year's GDP since 2022 (likely 1.0% to 3.2% toward Russia; very likely · >99%). United States: Toward Ukraine by 0.51% of a year's GDP since 2022 (likely 0.40% to 0.64% toward Ukraine; very likely · >99%).

Support for Ukraine in euros: India €0.15bn, United States €82.6bn. More in euros: United States; more as a share of GDP: United States.

India → United States →

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
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
United States+0.51%+€132bn · +€387 per personlikely 0.40% to 0.64% toward Ukrainevery likely · >99%+€82.6bn+0.32% of GDPvery likely · >99%€47.4bn less0.18% of GDP lessvery likely · >99%€1.6bn<0.01% of GDP€43.2bn0.17% 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

MeasureIndiaUnited States
Purchases from Ukraine vs no war−€0.18bn<0.01% of GDP+€95m<0.01% of GDP
Share of IMF and World Bank lending to Ukraine+€39m<0.01% of GDP+€0.28bn<0.01% of GDP
Other countries' aid to Ukraine spent here−€4m<0.01% of GDP−€0.70bn<0.01% of GDP
Government aid to Ukraine+€3m<0.01% of GDP+€79.8bn+0.31% of GDP
Private donations to Ukraine–+€2.6bn<0.01% of GDP
Cost of hosting refugees from Ukraine–+€1.9bn<0.01% of GDP
Aid to Ukraine spent at home–−€1.2bn<0.01% of GDP
Refugee spending kept in the host economy–−€92m<0.01% of GDP
Extra services sold to Ukraine–−€57m<0.01% of GDP
Aid spent here on energy, relief and rebuilding–−€41m<0.01% of GDP
Arms Ukraine bought here–−€34m<0.01% of GDP
Russia's gain on fuel and goods it sold−€82.2bn−2.5% of GDP+€38.5bn+0.15% of GDP
Russia's gain from war-time fuel prices+€11bn+0.34% of GDP−€0.45bn<0.01% of GDP
Stakes in Russian oil and gas projects+€1.2bn+0.04% of GDP+€2bn<0.01% of GDP
Extra price Russia paid because of sanctions−€0.34bn−0.01% of GDP−€24m<0.01% of GDP
Weapons bought from Russia+€0.19bn<0.01% of GDP–
Company taxes paid in Russia−€0.13bn<0.01% of GDP+€2.8bn+0.01% of GDP
Company profits in Russia−€0.12bn<0.01% of GDP+€4.7bn+0.02% of GDP
Rosatom projects and Russian state loans+€0.11bn<0.01% of GDP–
Services bought from Russia−€65m<0.01% of GDP+€0.20bn<0.01% of GDP
Shipping and insuring Russian oil−€53m<0.01% of GDP−€0.10bn<0.01% of GDP
Russian oil bought via other countries−€52m<0.01% of GDP−€1.5bn<0.01% of GDP
Sellers' gain on sales to Russia−€41m<0.01% of GDP+€0.44bn<0.01% of GDP
Services sold to Russia−€25m<0.01% of GDP+€0.46bn<0.01% of GDP
Profits of Russian-owned companies abroad–+€0.33bn<0.01% of GDP
Frozen Russian central bank reserves–€0.84bn<0.01% of GDP
Frozen Russian private assets–€0.77bn<0.01% of GDP

+ toward Ukraine, − toward Russia

Year by year

YearCountrySupport for UkraineTrade: toward Ukraine (+) / toward Russia (−)Russian money frozenNet
2022India−€40m−€13.2bn€0−€13.2bn
United States+€24.5bn+€9.4bn+€145m+€34.1bn
2023India−€6m−€15.1bn€0−€15.1bn
United States+€25.1bn+€10.4bn+€446m+€36.0bn
2024India−€10m−€19.5bn€0−€19.5bn
United States+€19.5bn+€10.0bn+€438m+€29.9bn
2025India−€58m−€12.4bn€0−€12.4bn
United States+€9.4bn+€9.2bn+€367m+€18.9bn
2026*India−€32m−€10.3bn€0−€10.3bn
United States+€4.1bn+€8.4bn+€216m+€12.6bn

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/india-vs-united-states/