War Balance

Frozen Russian private assets: every country since 2022

The return Russia lost on money frozen in each country: counted in the net (not in support or trade), and not the amount frozen. From 2022 to August 2026, 33 countries have this part; the table starts with Belgium, the United Kingdom and Germany.

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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.

Ranking · 33

Sorted by “Frozen Russian private assets” in euros, high to low, 2022 to August 2026. + toward Ukraine, − toward Russia.

#CountryFrozen Russian private assetsRussian money frozen (return lost)Net
1Belgium€3.4bn0.57% of GDP · €287 per personrange €1.8bn to €4bn€10.8bn1.8% of GDP+€20.3bn+3.4% of GDPvery likely · >99%
2United Kingdom€3.2bn0.10% of GDP · €46 per personrange €1.5bn to €5.1bn€5bn0.16% of GDP+€58.4bn+1.8% of GDPvery likely · >99%
3Germany€2.1bn0.05% of GDP · €25 per personrange €0.99bn to €2.9bn€5.3bn0.13% of GDP+€153bn+3.7% of GDPvery likely · >99%
4France€1.5bn0.05% of GDP · €22 per personrange €0.72bn to €2.1bn€6.5bn0.23% of GDP+€43.6bn+1.6% of GDPvery likely · >99%
5Luxembourg€1.4bn1.7% of GDP · €1,999 per personrange €0.44bn to €2.2bn€1.4bn1.7% of GDP+€2.9bn+3.5% of GDPvery likely · >99%
6Italy€1.1bn0.05% of GDP · €19 per personrange €0.53bn to €1.6bn€3bn0.14% of GDP+€34.4bn+1.6% of GDPvery likely · >99%
7Switzerland€0.85bn0.10% of GDP · €94 per personrange €0.55bn to €1bn€2bn0.23% of GDP+€8.7bn+1.0% of GDPvery likely · >99%
8United States€0.77bn<0.01% of GDP · €2 per personrange €0.11bn to €1.9bn€1.6bn<0.01% of GDP+€132bn+0.51% of GDPvery likely · >99%
9Spain€0.73bn0.05% of GDP · €15 per personrange €0.33bn to €1bn€2bn0.13% of GDP+€16.6bn+1.1% of GDPvery likely · >99%
10Netherlands€0.41bn0.04% of GDP · €23 per personrange €0.19bn to €0.54bn€1.1bn0.10% of GDP+€54.1bn+5.1% of GDPvery likely · >99%
11Ireland€0.39bn0.07% of GDP · €73 per personrange €0.22bn to €0.50bn€0.65bn0.12% of GDP+€9.5bn+1.8% of GDPvery likely · >99%
12Austria€0.39bn0.08% of GDP · €42 per personrange €0.20bn to €0.53bn€0.81bn0.17% of GDP+€2.1bn+0.45% of GDPlikely toward Ukraine · 68%
13Poland€0.30bn0.04% of GDP · €8 per personrange €0.14bn to €0.40bn€0.85bn0.11% of GDP+€37.8bn+5.0% of GDPvery likely · >99%
14Sweden€0.25bn0.05% of GDP · €24 per personrange €0.12bn to €0.33bn€0.71bn0.13% of GDP+€20.1bn+3.7% of GDPvery likely · >99%
15Cyprus€0.18bn0.57% of GDP · €134 per personrange €0.11bn to €0.25bn€0.21bn0.64% of GDP+€1.2bn+3.6% of GDPvery likely · >99%
16Denmark€0.17bn0.05% of GDP · €29 per personrange €83m to €0.23bn€0.49bn0.13% of GDP+€15.5bn+4.0% of GDPvery likely · >99%
17Finland€0.14bn0.05% of GDP · €25 per personrange €68m to €0.19bn€0.40bn0.15% of GDP+€23.1bn+8.5% of GDPvery likely · >99%
18Romania€0.12bn0.04% of GDP · €7 per personrange €59m to €0.16bn€0.35bn0.11% of GDP+€8.9bn+2.8% of GDPvery likely · 99%
19Portugal€0.12bn0.05% of GDP · €11 per personrange €58m to €0.16bn€0.34bn0.13% of GDP+€3.5bn+1.3% of GDPvery likely · >99%
20Czechia€0.11bn0.04% of GDP · €10 per personrange €52m to €0.14bn€0.30bn0.10% of GDP+€8bn+2.6% of GDPvery likely · 97%
21Greece€0.10bn0.05% of GDP · €10 per personrange €49m to €0.13bn€0.29bn0.13% of GDP+€0.18bn+0.08% of GDPessentially zero
22Hungary€70m0.04% of GDP · €7 per personrange €33m to €92m€0.20bn0.10% of GDP−€11.4bn−6.0% of GDPvery likely · 97%
23Slovakia€47m0.04% of GDP · €9 per personrange €22m to €61m€0.13bn0.11% of GDP+€0.29bn+0.24% of GDPtoo close to call · 58% toward Ukraine
24Bulgaria€36m0.04% of GDP · €6 per personrange €17m to €46m€100m0.10% of GDP+€3.1bn+3.3% of GDPlikely toward Ukraine · 95%
25Croatia€31m0.04% of GDP · €8 per personrange €15m to €41m€87m0.11% of GDP+€1.2bn+1.5% of GDPvery likely · >99%
26Slovenia€28m0.04% of GDP · €13 per personrange €13m to €37m€79m0.13% of GDP+€0.42bn+0.66% of GDPlikely toward Ukraine · 88%
27Lithuania€27m0.04% of GDP · €9 per personrange €13m to €36m€76m0.10% of GDP+€8.8bn+11.9% of GDPvery likely · >99%
28Japan€27m<0.01% of GDP · <€1 per personrange €3m to €0.16bn€0.34bn<0.01% of GDP+€12.2bn+0.30% of GDPvery likely · >99%
29Canada€18m<0.01% of GDP · <€1 per personrange €10m to €78m€95m<0.01% of GDP+€10.6bn+0.51% of GDPvery likely · >99%
30Latvia€17m0.04% of GDP · €9 per personrange €8m to €23m€49m0.13% of GDP+€2.2bn+5.6% of GDPvery likely · >99%
31Estonia€17m0.04% of GDP · €12 per personrange €8m to €22m€47m0.12% of GDP+€4.1bn+10.8% of GDPvery likely · >99%
32Australia€7m<0.01% of GDP · <€1 per personrange €2m to €12m€15m<0.01% of GDP−€0.61bn−0.04% of GDPessentially zero
33Malta€7m0.03% of GDP · €13 per personrange €3m to €9m€20m0.10% of GDP+€0.25bn+1.2% of GDPvery likely · 95%

Each row: the best estimate, then its range in the same unit and sign. The chances of the direction are for each country's totals, on its page.

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Cite as: War Balance, figures to August 2026, https://warbalance.org/frozen-russian-private-assets/