War Balance

Is Australia helping Russia or Ukraine? The net is essentially zero

Australia's support for Ukraine since 2022: €1.3bn (0.08% of one year's GDP: its aid, refugee hosting, private donations and its other parts of support, net of money flowing back). Russia kept €1.9bn (0.12% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€2.0bn; the other parts take €111m off it). The net is 0.04% of a year's GDP toward Russia (likely from 0.09% toward Russia to 0.03% toward Ukraine; essentially zero).

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Toward Russia by

0.04% of a year's GDP since 2022

essentially zero

likely from 0.09% toward Russia to 0.03% toward Ukraine · €607m · ≈ <0.01%/yr

Supported Ukraine + raised Russia's earnings from trade + froze Russian money = 0.04% of GDP toward Russia. Mostly toward Russia (mostly Russian crude in fuel bought from refiners elsewhere).

Chance toward Russia: 76%; 91% of the other method choices agree.

Support for Ukraine

Supported Ukraine with

0.08%

€1.3bn

likely 0.06% to 0.13% very likely · >99%

Russia's earnings from trade

Raised Russia's earnings from trade by

0.12%

€1.9bn

likely 0.07% to 0.17% toward Russia very likely · >99%

Russia kept €1.9bn (0.12% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€2.0bn; the other parts take €111m off it).

The two lines add up to Russia's earnings from trade; their ranges do not.

Russian money frozen: Froze Russian money: Russia lost <0.01% of GDP in returns (€15m).

Its story in short

What decides this number

Chance toward Russia: 76%; 91% of the other method choices agree. Near zero, and not certain mostly because of the uncertain size of one part: Russia kept more from its oil bought via other countries. Here the size of the net is the finding, not its direction: likely from 0.09% toward Russia to 0.03% toward Ukraine.

What makes up the number

Supported Ukraine with 0.08% · €1.3bn

Aid: weapons, money, loansB+0.05%€841m
Private donationsD+0.02%€329m
Hosting refugeesD+<0.01%€138m
Australia kept back part of its refugee spendingC−<0.01%€29m
Its share of IMF and World Bank loansC+<0.01%€23m
Australia kept part of others' aid, spent hereC−<0.01%€4m
Australia kept back part of its aid, spent at homeC−<0.01%€4m
Ukraine kept less from sales hereC−<0.01%€3m
Australia kept part of aid spent here (energy, rebuilding)C−<0.01%€2m
Australia kept more from extra services sold to UkraineD−<0.01%€1m

Raised Russia's earnings from trade by 0.12% · €1.9bn

Russia kept more from its oil bought via other countriesC−0.13%€2.0bn
Russia kept less from fuel and goods sold hereC+<0.01%€143m
Russia kept more from war-time fuel pricesC−<0.01%€69m
Its firms paid Russia less taxD+<0.01%€18m
Australia's companies made less profit in RussiaD+<0.01%€13m
Australia kept less from selling to RussiaC+<0.01%€5m
Russia kept less from services sold hereC+<0.01%€5m
Australia kept more from services sold to RussiaC−<0.01%€3m

Froze Russian money: Russia lost <0.01% in returns · €15m

Russia lost returns on its frozen moneyD+<0.01%€8m
Russian owners lost returns on assets frozen hereC+<0.01%€7m

+ toward Ukraine, − toward Russia (in support for Ukraine, − is money it earned back or bought less from Ukraine than without the war). Letters: A reported, B measured estimate, C modelled estimate, D rough indication.

By year

The year with the largest net amount was 2022: +€0.36bn. Support for Ukraine fell from €0.51bn in 2022 to €97m in 2025. The yearly amounts are small against the range of the total, so their side from one year to the next is not a finding.

YearSupport for UkraineTrade: toward Ukraine (+) / toward Russia (−)Russian money frozenNetNet since 2022
2022+€513m−€157m+€2m+€357m+0.02%
2023+€201m−€162m+€4m+€42m+0.02%
2024+€383m−€518m+€4m−€131m+0.02%
2025+€97m−€363m+€4m−€262m+<0.01%
2026*+€93m−€709m+€2m−€614m−0.04%

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

Support for Ukraine by type

Australia's support for Ukraine, 2022 to August 2026, split by type. The parts add up to the map's figure.

Military aid€0.68bnrange €0.48bn to €0.88bn; Kiel: €0.91bn
Financial aid (incl. IMF and World Bank share)€23mof which its share of IMF and World Bank lending: €23m
Humanitarian aid€0.16bn
Refugee hosting€0.14bn
Private donations and purchases€0.33bn
Money flowing back−€40msubtracted
Support for Ukraine (the map's figure)€1.3bn

Quality of the split: C

Military aid to Ukraine, every country →

Trade with Russia before and after

It bought €0.30bn from Russia in 2021 and €16m in 2025 (−95%). It sold €0.16bn to Russia in 2021 and €4m in 2025 (−97%). Before the war (2018–2021), fuel was 25.7% of what it bought from Russia. For Australia: €69m paid above no-war prices, most of it in 2022. These are sales values at each year's prices; the totals count what the seller kept on them.

What it bought from Russia, by fuel

Australia's purchases from Russia, 2022 to August 2026, by fuel: by its own customs records (CIF), on the map's basis (the Russian border price, FOB) and by CREA's tracker (ship data). The map's figure is the total on the map's basis.

FuelCustoms (CIF)Map basis (FOB)Tracker (CREA)Quality
Crude oil€0.24bn€0.20bnrange €0.17bn to €0.25bn€0.17bnA
Coal€5m€5mrange €4m to €6mnot trackedA
Other goods€1.4bn€0.32bn–
All goods€1.6bn€0.53bn–

Quality by year: 2022: A, 2023: A, 2024: A, 2025: A, 2026, January to August: A. C and D are estimates.

Every buyer, by fuel →

Sanctions on Russia

Yes. Australia has sanctions on Russia under its own law, since 2014. It is part of the price cap coalition on Russian oil. It applies export controls on Russia, and the United States lists it among the partners with controls like its own. Separately, Russia lists Australia as an “unfriendly” state (government order 430-r, 5 March 2022): that is Russia's own list of countries it acts against, not a sanction by Australia. Checked 27 October 2026.

Sources

Every country's sanctions on Russia →

The cost of switching away from Russian energy

Replacing Russian energy cost it about €12m extra from 2022 (<0.01% of one year's GDP). This is not in the totals: shown for information.

Russian money frozen

Russian money frozen: <0.01% of a year's GDP (€15m; likely €6m to €89m): the return Russia lost on its central-bank reserves and on Russian private assets frozen here. Not a payment, so it is on its own line, added to the net only.

Amounts frozen here, for context (the map counts the return Russia lost on them, not the amounts): Bank of Russia reserves immobilised: no public figure; assets of sanctioned people and companies frozen: no public figure.

Refugees from Ukraine

5,473 refugees from Ukraine, 0.2 per 1,000 residents. Refugees counted as of 2025. Counted as support for Ukraine: €0.14bn (<0.01% of one year's GDP), the public cost of hosting refugees from 2022, after the host's gain on the work refugees do. For Australia: €160m spent on refugees, less €22m, its gain on the work refugees did here.

Why this differs from the Kiel tracker

Kiel Institute's figure for its own aid: €1.1bn; counted here: €841m — donated weapons at their market value; military aid counted when delivered, by August 2026. Promised but not yet delivered, in the Kiel Institute's figures: €41m. It is not counted here. Military aid allocated but not yet delivered is not counted: €11m (Kiel's full allocation is the high end).

Money flowing back from the war effort

€0.36bn of aid and of Ukraine's purchases was spent in Australia; what its firms kept of it, €40m, is taken off its support.

Companies, Russia and Russian owners

Russia took €121m from companies of this country (seizures and forced sales); not in the totals. Likely €37m to €381m; <0.01% of a year's GDP.

Indirect channels: hubs, refined oil, shipping

Russia kept more from its oil bought via other countries: €2bn (0.13% of one year's GDP).

Compared with its neighbours and groups

Its direction is essentially zero, so the map's ranking gives it no number.

How the number is backed

35 sources back its parts: 12 official statistics, 7 research reports, 0 press reports and 3 of this project's own estimates, plus 13 method inputs. By size, 23% of its parts are reported or measured (A–B), 63% modelled (C) and 14% rough indications (D).

Data coverage

Sources, by part

Russia kept more from its oil bought via other countries C

Aid: weapons, money, loans B

Private donations D

Russia kept less from fuel and goods sold here C

Hosting refugees D

Every source of its parts (35)

Questions

Is Australia helping Russia?

In money terms the net is −0.04% of one year's GDP (likely from 0.09% toward Russia to 0.03% toward Ukraine; essentially zero). Chance toward Russia: 76%; 91% of the other method choices agree. Russia kept €1.9bn (0.12% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€2.0bn; the other parts take €111m off it). The number counts money: weapons at their money value; votes, diplomacy and intent are not in it.

Australia–Russia relations: what do the numbers show?

In money terms: it bought €16m from Russia in 2025 (€0.30bn in 2021), and sold €4m to Russia; its support for Ukraine since 2022 is €1.3bn; and the net, with what Russia kept from trade against a world without the war, is −0.04% of one year's GDP (likely from 0.09% toward Russia to 0.03% toward Ukraine; essentially zero). Diplomacy, security ties and politics are not in these numbers.

How much has Australia given to Ukraine?

Australia's support for Ukraine from 2022 to August 2026: €1.3bn, 0.08% of one year's GDP (likely 0.06% to 0.13%). It counts its aid (weapons at market value when delivered, loans at their gift value), its share of IMF and World Bank lending, the cost of hosting refugees, private donations, an estimate of undisclosed military aid and purchases from Ukraine against the no-war level, net of money flowing back.

How much did Australia give Ukraine each year?

Support for Ukraine by year: 2022 €0.51bn; 2023 €0.20bn; 2024 €0.38bn; 2025 €97m; 2026 (to August) €93m. In total since 2022: €1.3bn (likely 0.06% to 0.13%).

Why is Australia's net so small?

Its net is essentially zero: −0.04% of one year's GDP (likely from 0.09% toward Russia to 0.03% toward Ukraine). Near zero, and not certain mostly because of the uncertain size of one part: Russia kept more from its oil bought via other countries.

Why does War Balance differ from the Kiel tracker for Australia?

Kiel Institute's figure for its own aid: €1.1bn; counted here: €841m — donated weapons at their market value; military aid counted when delivered, by August 2026.

Does Australia have sanctions on Russia?

Yes. Australia has sanctions on Russia under its own law, since 2014. It is part of the price cap coalition on Russian oil. It applies export controls on Russia, and the United States lists it among the partners with controls like its own. Separately, Russia lists Australia as an “unfriendly” state (government order 430-r, 5 March 2022): that is Russia's own list of countries it acts against, not a sanction by Australia. Sources: Autonomous Sanctions Regulations 2011 (F2011L02673), reg. 5B 'Sanctioned commercial activity—Russia'; DFAT, Russia sanctions regime (page not retrievable on the date checked).

Nearby in the ranking

Essentially zero

  1. Malawi−0.02%Essentially zero · −€3m · 50%
  2. Vietnam−0.03%Essentially zero · −€103m · 66%
  3. Curaçao−0.03%Essentially zero · −€1m · 59%
  4. Australia−0.04%Essentially zero · −€607m · 76%
  5. Zimbabwe−0.05%Essentially zero · −€17m · 55%
  6. Zambia−0.05%Essentially zero · −€13m · 57%
  7. Myanmar−0.05%Essentially zero · −€35m · 65%

More about Australia

Its parts, ranked against other countries

Every country, by year

35 sources in all; the map's panel lists every one, with its documents. Open in the map · How this is measured

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Cite as: War Balance, figures to August 2026, https://warbalance.org/country/australia/