War Balance
Gold and hidden payments to Russia: every country since 2022
One part of how much more or less Russia kept from trade with each country than in a world without the war (taxes and profit, not the sales value). From 2022 to August 2026, 6 countries have this part; the table starts with Switzerland, China and the United Kingdom.
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 · 6
Sorted by “Gold and hidden payments to Russia” in euros, by size, either way, 2022 to August 2026. + toward Ukraine, − toward Russia; more or less: how much more or less Russia kept (taxes and profit, not sales) than in a world without the war.
| # | Country | Gold and hidden payments to Russia | Russia kept from trade, vs no war | Net |
|---|---|---|---|---|
| 1 | Switzerland | −€0.50bn−0.06% of GDP · −€55 per personrange −€2.2bn to €0m | €1.6bn more0.18% of GDP morelikely toward Russia · 86% | +€8.7bn+1.0% of GDPvery likely · >99% |
| 2 | China | −€0.48bn<0.01% of GDP · <€1 per personrange −€4.6bn to €0m | €128bn more0.74% of GDP morevery likely · >99% | −€128bn−0.75% of GDPvery likely · >99% |
| 3 | United Kingdom | −€0.20bn<0.01% of GDP · −€3 per personrange −€0.89bn to €0m | €34.9bn less1.1% of GDP lessvery likely · >99% | +€58.4bn+1.8% of GDPvery likely · >99% |
| 4 | Kyrgyzstan | −€71m−0.50% of GDP · −€10 per personrange −€0.32bn to €0m | €1.4bn more10.0% of GDP morevery likely · 97% | −€1.4bn−10.0% of GDPvery likely · 97% |
| 5 | Italy | −€11m<0.01% of GDP · <€1 per personrange −€47m to €0m | €18.8bn less0.89% of GDP lesslikely toward Ukraine · 91% | +€34.4bn+1.6% of GDPvery likely · >99% |
| 6 | Türkiye | −€5m<0.01% of GDP · <€1 per personrange −€1.2bn to €0m | €32.8bn more3.1% of GDP morevery likely · 96% | −€32.7bn−3.1% of GDPvery likely · 96% |
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.
Related
- Russia's gain on fuel and goods it sold
- Russia's gain from war-time fuel prices
- Sellers' gain on sales to Russia
- Extra price Russia paid because of sanctions
- Company taxes paid in Russia
- Company profits in Russia
- Stakes in Russian oil and gas projects
- Services bought from Russia
Ranking · Support for Ukraine by country · Trade with Russia by country · All topics · How it works
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Cite as: War Balance, figures to August 2026, https://warbalance.org/gold-and-hidden-payments-to-russia/