War Balance

Is Iraq helping Russia? What the money flows show

Iraq's support for Ukraine since 2022: −€57m (−0.02% of one year's GDP: its aid, refugee hosting, private donations and its other parts of support, net of money flowing back). Russia kept €511m (0.20% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€566m; the other parts take €55m off it). The net is 0.22% of a year's GDP toward Russia (likely <0.01% to 0.59% toward Russia; very likely · 96%).

Open in the map →

Toward Russia by

0.22% of a year's GDP since 2022

very likely · 96%

likely <0.01% to 0.59% toward Russia · €568m · ≈ 0.05%/yr

Bought less from Ukraine than without the war + raised Russia's earnings from trade = 0.22% of GDP toward Russia. Mostly toward Russia (mostly Russian crude in fuel bought from refiners elsewhere).

Chance toward Russia: 96%; 100% of the other method choices agree.

Support for Ukraine

Bought less from Ukraine than without the war; below zero by

0.02%

€57m

likely from 0.11% below zero to <0.01% above zero essentially zero

Russia's earnings from trade

Probably raised Russia's earnings from trade by

0.20%

€511m

likely from 0.56% toward Russia to 0.01% toward Ukraine likely toward Russia · 94%

Russia kept €511m (0.20% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€566m; the other parts take €55m off it).

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

Its story in short

What makes up the number

Bought less from Ukraine than without the war; below zero by 0.02% · €57m

Ukraine kept less from sales hereC−0.02%€62m
Its share of IMF and World Bank loansC+<0.01%€4m

Probably raised Russia's earnings from trade by 0.20% · €511m

Russia kept more from its oil bought via other countriesDown estimate−0.22%€566m
Russia kept less from its nuclear projects and loansB+0.14%€372m
Russia kept more from fuel and goods sold hereC−0.13%€328m
Russia kept more from war-time fuel pricesC−0.01%€28m
Russia kept less from weapons sold hereD+0.01%€28m
Russian owners kept less from their firms hereC+<0.01%€18m
Russia kept more from services sold hereC−<0.01%€4m
Iraq kept more from services sold to RussiaC−<0.01%€2m

+ 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: −€0.29bn. 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 (−)NetNet since 2022
2022−€21m−€265m−€286m−0.11%
2023−€7m−€206m−€213m−0.19%
2024−€13m−€42m−€55m−0.21%
2025−€8m−€28m−€37m−0.23%
2026*−€8m+€31m+€22m−0.22%

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

Support for Ukraine by type

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

Military aid–
Financial aid (incl. IMF and World Bank share)€4mof which its share of IMF and World Bank lending: €4m
Private donations and purchases−€62m
Support for Ukraine (the map's figure)−€57m

Quality of the split: D No military aid on record outside Kiel's tracker; this does not mean that no military aid was given.

Military aid to Ukraine, every country →

Trade with Russia before and after

It bought €12m from Russia in 2021 and €0.32bn in 2025 (+2620%). It sold <€1m to Russia in 2021 and <€1m in 2025. Before the war (2018–2021), fuel was 5.5% of what it bought from Russia. For Iraq: €28m 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

Iraq'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
Oil products€0.11bn€0.44bnrange €0.12bn to €0.91bn€0.14bnC (estimate)
Other goods€1.3bn€0.90bn–
All goods€1.4bn€1.3bn–

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

Every buyer, by fuel →

Sanctions on Russia

We found no sanctions of Iraq's own against Russia (checked 27 October 2026). This says nothing about whether firms there follow other countries' sanctions. Russia's list of “unfriendly” states does not name Iraq. Checked 27 October 2026.

Every country's sanctions on Russia →

The cost of switching away from Russian energy

Replacing Russian energy cost it about €22m extra from 2022 (<0.01% of one year's GDP). This is not in the totals: shown for information.

Indirect channels: hubs, refined oil, shipping

Russia kept more from its oil bought via other countries: €0.57bn (0.22% of one year's GDP).

Compared with its neighbours and groups

In the map's ranking: number 28 of 32 economies toward Russia, as a share of GDP.

Neighbours by land

CountryNet, % of GDP
Kuwait+<0.01%+€1messentially zero
Iraq−0.22%−€0.57bnvery likely · 96%
Saudi Arabia−0.30%−€3.5bnvery likely · 99%
Jordan−0.35%−€0.18bnvery likely · 97%
Iran−0.44%−€1.9bnvery likely · >99%
Syria−1.0%−€0.20bntoo close to call · 64% toward Russia

In its region, with the same chance and direction: the nearest net shares of GDP

CountryNet, % of GDP
Sierra Leone−0.14%−€9mvery likely · >99%
Saudi Arabia−0.30%−€3.5bnvery likely · 99%
Jordan−0.35%−€0.18bnvery likely · 97%
Iran−0.44%−€1.9bnvery likely · >99%

How the number is backed

24 sources back its parts: 4 official statistics, 6 research reports, 0 press reports and 3 of this project's own estimates, plus 11 method inputs. By size, 26% of its parts are reported or measured (A–B), 32% modelled (C) and 42% rough indications (D).

Data coverage

Sources, by part

Russia kept more from its oil bought via other countries D

Russia kept less from its nuclear projects and loans B

Russia kept more from fuel and goods sold here C

Ukraine kept less from sales here C

Russia kept more from war-time fuel prices C

Every source of its parts (24)

Questions

Is Iraq helping Russia?

In money terms the net is −0.22% of one year's GDP (likely <0.01% to 0.59% toward Russia; very likely · 96%). Chance toward Russia: 96%; 100% of the other method choices agree. Russia kept €511m (0.20% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€566m; the other parts take €55m off it). Most of this is fuel and food bought from Russia. Fuel is fungible and sold through many traders: the figure reflects what this economy bought, not a policy toward Russia or Ukraine. The number counts money: weapons at their money value; votes, diplomacy and intent are not in it.

Does Iraq trade with Russia?

It bought €0.32bn from Russia in 2025 (€12m in 2021). What counts here is the change in what Russia kept from that trade (taxes and profit, not sales) against a world without the war: Russia kept €511m (0.20% of GDP) more than without the war, mostly Russian crude in fuel bought from refiners elsewhere (€566m; the other parts take €55m off it).

How does Iraq compare with its neighbours?

The net as a share of one year's GDP: Kuwait +<0.01%, Iraq −0.22%, Saudi Arabia −0.30%, Jordan −0.35%, Iran −0.44%, Syria −1.0%. In the map's ranking: number 28 of 32 economies toward Russia, as a share of GDP.

Where do the numbers for Iraq come from?

24 sources back its parts, 4 of them official statistics. By part: Russia kept more from its oil bought via other countries: Laundered oil: fuel made from Russian crude, assigned to the final buyer (trading hubs pass on what they resell), valued at the Russian crude inside it; Russia kept less from its nuclear projects and loans: Rosatom projects abroad and Russia's state loans: World Bank International Debt Statistics (Russia as creditor), project and loan reporting; Russia kept more from fuel and goods sold here: UN Comtrade, IMF trade statistics and Eurostat: goods trade with Russia and Ukraine. The map's panel lists every one, with its documents.

Does Iraq have sanctions on Russia?

We found no sanctions of Iraq's own against Russia (checked 27 October 2026). This says nothing about whether firms there follow other countries' sanctions. Russia's list of “unfriendly” states does not name Iraq.

Nearby in the ranking

Toward Russia · number 28 of 32

  1. 30.Sierra Leone−0.14%Toward Russia · −€9m
  2. Nauru−0.19%Toward Russia · −<€1m
  3. 29.Indonesia−0.20%Toward Russia · −€2.6bn
  4. 28.Iraq−0.22%Toward Russia · −€568m
  5. Solomon Islands−0.27%Toward Russia · −€4m
  6. Samoa−0.29%Toward Russia · −€3m
  7. 27.Saudi Arabia−0.30%Toward Russia · −€3.5bn

More about Iraq

Its parts, ranked against other countries

Every country, by year

24 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/iraq/