War Balance
Russia's gain on fuel and goods it sold: 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, 60 countries have this part; the table starts with China, India and Germany.
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 · 60
Sorted by “Russia's gain on fuel and goods it sold” 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 | Russia's gain on fuel and goods it sold | Russia kept from trade, vs no war | Net |
|---|---|---|---|---|
| 1 | China | −€82.5bn−0.48% of GDP · −€59 per personrange −€135bn to −€14.3bn | €128bn more0.74% of GDP morevery likely · >99% | −€128bn−0.75% of GDPvery likely · >99% |
| 2 | India | −€82.2bn−2.5% of GDP · −€57 per personrange −€115bn to −€45bn | €70.5bn more2.2% of GDP morevery likely · >99% | −€70.6bn−2.2% of GDPvery likely · >99% |
| 3 | Germany | +€69.9bn+1.7% of GDP · +€837 per personrange +€31.9bn to +€117bn | €72.6bn less1.7% of GDP lessvery likely · >99% | +€153bn+3.7% of GDPvery likely · >99% |
| 4 | United States | +€38.5bn+0.15% of GDP · +€113 per personrange +€15.4bn to +€66.5bn | €47.4bn less0.18% of GDP lessvery likely · >99% | +€132bn+0.51% of GDPvery likely · >99% |
| 5 | Netherlands | +€30.6bn+2.9% of GDP · +€1,700 per personrange +€9.3bn to +€60.9bn | €30.2bn less2.9% of GDP lessvery likely · 98% | +€54.1bn+5.1% of GDPvery likely · >99% |
| 6 | Italy | +€28.3bn+1.3% of GDP · +€480 per personrange +€11.2bn to +€50.1bn | €18.8bn less0.89% of GDP lesslikely toward Ukraine · 91% | +€34.4bn+1.6% of GDPvery likely · >99% |
| 7 | United Kingdom | +€24.2bn+0.76% of GDP · +€349 per personrange +€8bn to +€40.4bn | €34.9bn less1.1% of GDP lessvery likely · >99% | +€58.4bn+1.8% of GDPvery likely · >99% |
| 8 | Poland | +€22.3bn+3.0% of GDP · +€609 per personrange +€11bn to +€39.7bn | €22.8bn less3.0% of GDP lessvery likely · >99% | +€37.8bn+5.0% of GDPvery likely · >99% |
| 9 | France | +€19.5bn+0.69% of GDP · +€284 per personrange +€4.3bn to +€37.6bn | €20.2bn less0.72% of GDP lesslikely toward Ukraine · 94% | +€43.6bn+1.6% of GDPvery likely · >99% |
| 10 | South Korea | +€17.8bn+1.0% of GDP · +€343 per personrange +€5.9bn to +€32.6bn | €17.2bn less1.0% of GDP lessvery likely · 99% | +€18.1bn+1.1% of GDPvery likely · 99% |
| 11 | Finland | +€15.2bn+5.6% of GDP · +€2,709 per personrange +€7.6bn to +€25.3bn | €17.4bn less6.4% of GDP lessvery likely · >99% | +€23.1bn+8.5% of GDPvery likely · >99% |
| 12 | Türkiye | −€11.1bn−1.0% of GDP · −€130 per personrange −€28.1bn to +€12bn | €32.8bn more3.1% of GDP morevery likely · 96% | −€32.7bn−3.1% of GDPvery likely · 96% |
| 13 | Spain | +€8.2bn+0.55% of GDP · +€169 per personrange +€2.2bn to +€16.1bn | €6.2bn less0.42% of GDP lesslikely toward Ukraine · 89% | +€16.6bn+1.1% of GDPvery likely · >99% |
| 14 | Japan | +€7.8bn+0.19% of GDP · +€63 per personrange +€2.3bn to +€15bn | €6.5bn less0.16% of GDP lessnear zero · 94% toward Ukraine | +€12.2bn+0.30% of GDPvery likely · >99% |
| 15 | Romania | +€7.6bn+2.4% of GDP · +€400 per personrange +€1.7bn to +€13.4bn | €6.7bn less2.1% of GDP lessvery likely · 96% | +€8.9bn+2.8% of GDPvery likely · 99% |
| 16 | Brazil | −€7.6bn−0.39% of GDP · −€36 per personrange −€11bn to −€3.4bn | €10.1bn more0.51% of GDP morevery likely · >99% | −€10.1bn−0.51% of GDPvery likely · >99% |
| 17 | Czechia | +€7.4bn+2.4% of GDP · +€674 per personrange +€2.7bn to +€14bn | €3.6bn less1.2% of GDP lesslikely toward Ukraine · 81% | +€8bn+2.6% of GDPvery likely · 97% |
| 18 | Lithuania | +€6.7bn+9.1% of GDP · +€2,325 per personrange +€3.2bn to +€11bn | €7.4bn less10.1% of GDP lessvery likely · >99% | +€8.8bn+11.9% of GDPvery likely · >99% |
| 19 | Hong Kong | −€5bn−1.4% of GDP · −€664 per personrange −€11.2bn to +€0.22bn | €5.7bn more1.6% of GDP morelikely toward Russia · 97% | −€5.8bn−1.6% of GDPlikely toward Russia · 97% |
| 20 | Belgium | +€4.7bn+0.80% of GDP · +€399 per personrange +€0.19bn to +€10.8bn | €3.7bn less0.62% of GDP lesslikely toward Ukraine · 79% | +€20.3bn+3.4% of GDPvery likely · >99% |
| 21 | Saudi Arabia | −€4.2bn−0.36% of GDP · −€119 per personrange −€6.3bn to −€2bn | €3.9bn more0.33% of GDP morevery likely · 99% | −€3.5bn−0.30% of GDPvery likely · 99% |
| 22 | Sweden | +€3.9bn+0.71% of GDP · +€365 per personrange +€1.6bn to +€6.7bn | €10.6bn less1.9% of GDP lessvery likely · >99% | +€20.1bn+3.7% of GDPvery likely · >99% |
| 23 | Austria | +€3.8bn+0.81% of GDP · +€417 per personrange −€0.55bn to +€10.6bn | €2.4bn more0.51% of GDP morelikely toward Russia · 67% | +€2.1bn+0.45% of GDPlikely toward Ukraine · 68% |
| 24 | Greece | +€3.4bn+1.5% of GDP · +€325 per personrange −€0.74bn to +€8.7bn | €1.6bn more0.70% of GDP morelikely toward Russia · 69% | +€0.18bn+0.08% of GDPessentially zero |
| 25 | Uzbekistan | −€2.8bn−2.8% of GDP · −€78 per personrange −€4.4bn to −€0.78bn | €4.1bn more4.1% of GDP morevery likely · >99% | −€4.1bn−4.1% of GDPvery likely · >99% |
| 26 | Kazakhstan | +€2.6bn+1.1% of GDP · +€128 per personrange −€1.6bn to +€8.5bn | €35m less0.01% of GDP lessessentially zero | +€55m+0.02% of GDPessentially zero |
| 27 | Bulgaria | +€2.6bn+2.7% of GDP · +€403 per personrange −€0.37bn to +€6.1bn | €2.4bn less2.5% of GDP lesslikely toward Ukraine · 87% | +€3.1bn+3.3% of GDPlikely toward Ukraine · 95% |
| 28 | Libya | −€2.5bn−6.0% of GDP · −€341 per personrange −€4bn to −€0.81bn | €2.8bn more6.6% of GDP morevery likely · 99% | −€2.8bn−6.6% of GDPvery likely · 99% |
| 29 | Estonia | +€2.4bn+6.4% of GDP · +€1,779 per personrange +€0.56bn to +€4.7bn | €3.1bn less8.2% of GDP lessvery likely · 99% | +€4.1bn+10.8% of GDPvery likely · >99% |
| 30 | United Arab Emirates | −€2.3bn−0.47% of GDP · −€212 per personrange −€7.9bn to +€1.3bn | €3.6bn more0.72% of GDP morelikely toward Russia · 97% | −€3.5bn−0.71% of GDPlikely toward Russia · 97% |
| 31 | Denmark | +€2.3bn+0.61% of GDP · +€390 per personrange +€0.95bn to +€4bn | €3.7bn less0.98% of GDP lessvery likely · >99% | +€15.5bn+4.0% of GDPvery likely · >99% |
| 32 | Indonesia | −€2.3bn−0.18% of GDP · −€8 per personrange −€3.5bn to −€1.2bn | €2.5bn more0.20% of GDP morevery likely · >99% | −€2.6bn−0.20% of GDPvery likely · >99% |
| 33 | Norway | +€2bn+0.39% of GDP · +€352 per personrange +€0.76bn to +€3.5bn | €2bn less0.40% of GDP lessvery likely · 98% | +€14.8bn+2.9% of GDPvery likely · >99% |
| 34 | Tunisia | −€1.9bn−4.2% of GDP · −€152 per personrange −€2.9bn to −€0.52bn | €2.1bn more4.6% of GDP morevery likely · 98% | −€2.1bn−4.6% of GDPvery likely · 98% |
| 35 | Portugal | +€1.7bn+0.65% of GDP · +€163 per personrange +€0.60bn to +€3.2bn | €1.8bn less0.68% of GDP lessvery likely · 98% | +€3.5bn+1.3% of GDPvery likely · >99% |
| 36 | Canada | +€1.5bn+0.07% of GDP · +€37 per personrange +€0.60bn to +€2.7bn | €1.7bn less0.08% of GDP lessvery likely · 98% | +€10.6bn+0.51% of GDPvery likely · >99% |
| 37 | Slovakia | +€1.5bn+1.2% of GDP · +€274 per personrange −€3bn to +€5.7bn | €0.91bn more0.75% of GDP moretoo close to call · 58% toward Russia | +€0.29bn+0.24% of GDPtoo close to call · 58% toward Ukraine |
| 38 | Egypt | −€1.5bn−0.37% of GDP · −€13 per personrange −€2.9bn to −€37m | €1.8bn more0.45% of GDP morevery likely · 95% | −€1.7bn−0.43% of GDPlikely toward Russia · 95% |
| 39 | Azerbaijan | −€1.3bn−1.8% of GDP · −€125 per personrange −€2.1bn to −€0.25bn | €1.8bn more2.5% of GDP morevery likely · 99% | −€1.7bn−2.5% of GDPvery likely · 99% |
| 40 | Malaysia | −€1.2bn−0.32% of GDP · −€34 per personrange −€2.1bn to −€0.20bn | €2.5bn more0.65% of GDP morevery likely · 99% | −€2.5bn−0.64% of GDPvery likely · 99% |
| 41 | Moldova | +€1bn+6.6% of GDP · +€419 per personrange +€0.40bn to +€1.8bn | €0.97bn less6.3% of GDP lessvery likely · 96% | +€1.1bn+6.9% of GDPvery likely · 97% |
| 42 | Georgia | −€0.85bn−3.1% of GDP · −€224 per personrange −€1.4bn to +€0.84bn | €1.2bn more4.1% of GDP morelikely toward Russia · 86% | −€1.2bn−4.1% of GDPlikely toward Russia · 87% |
| 43 | Ghana | −€0.75bn−1.0% of GDP · −€22 per personrange −€1.1bn to −€0.29bn | €0.66bn more0.90% of GDP morevery likely · 99% | −€0.68bn−0.92% of GDPvery likely · 99% |
| 44 | Ireland | +€0.75bn+0.14% of GDP · +€139 per personrange +€0.23bn to +€2.3bn | €1.4bn less0.25% of GDP lessvery likely · 99% | +€9.5bn+1.8% of GDPvery likely · >99% |
| 45 | Lebanon | +€0.70bn+3.4% of GDP · +€121 per personrange +€59m to +€2.8bn | €0.54bn less2.6% of GDP lesslikely toward Ukraine · 82% | +€0.58bn+2.8% of GDPlikely toward Ukraine · 84% |
| 46 | Turkmenistan | +€0.70bn+1.9% of GDP · +€93 per personrange −€35m to +€3bn | €0.58bn less1.5% of GDP lesslikely toward Ukraine · 84% | +€0.57bn+1.5% of GDPlikely toward Ukraine · 83% |
| 47 | Latvia | +€0.67bn+1.7% of GDP · +€360 per personrange +€7m to +€1.6bn | €1.4bn less3.5% of GDP lessvery likely · 99% | +€2.2bn+5.6% of GDPvery likely · >99% |
| 48 | Colombia | +€0.59bn+0.17% of GDP · +€11 per personrange +€0.10bn to +€2bn | €0.53bn less0.15% of GDP lesslikely toward Ukraine · 94% | +€0.52bn+0.15% of GDPlikely toward Ukraine · 95% |
| 49 | Thailand | +€0.58bn+0.12% of GDP · +€8 per personrange −€0.72bn to +€2.2bn | €0.38bn less0.08% of GDP lessessentially zero | +€0.39bn+0.08% of GDPessentially zero |
| 50 | Morocco | +€0.56bn+0.41% of GDP · +€15 per personrange −€0.20bn to +€1.7bn | €0.14bn more0.10% of GDP moretoo close to call · 57% toward Russia | −€0.18bn−0.13% of GDPtoo close to call · 59% toward Russia |
| 51 | Croatia | +€0.54bn+0.69% of GDP · +€139 per personrange +€12m to +€2.3bn | €0.44bn less0.56% of GDP lesslikely toward Ukraine · 85% | +€1.2bn+1.5% of GDPvery likely · >99% |
| 52 | Algeria | +€0.53bn+0.23% of GDP · +€11 per personrange −€0.62bn to +€1.8bn | €3m more<0.01% of GDPessentially zero | +€36m+0.02% of GDPessentially zero |
| 53 | Burkina Faso | −€0.53bn−2.8% of GDP · −€23 per personrange −€1.1bn to +€0.35bn | €0.75bn more3.9% of GDP morelikely toward Russia · 92% | −€0.75bn−3.9% of GDPlikely toward Russia · 92% |
| 54 | Nigeria | +€0.53bn+0.12% of GDP · +€2 per personrange −€0.24bn to +€1.6bn | €1.9bn less0.43% of GDP lessvery likely · 96% | +€1.8bn+0.42% of GDPvery likely · 96% |
| 55 | Oman | −€0.53bn−0.53% of GDP · −€100 per personrange −€0.91bn to −€0.10bn | €1.4bn more1.4% of GDP morevery likely · >99% | −€1.4bn−1.4% of GDPvery likely · >99% |
| 56 | Kyrgyzstan | −€0.53bn−3.7% of GDP · −€73 per personrange −€1.5bn to +€0.68bn | €1.4bn more10.0% of GDP morevery likely · 97% | −€1.4bn−10.0% of GDPvery likely · 97% |
| 57 | Senegal | −€0.51bn−1.8% of GDP · −€27 per personrange −€1bn to +€0.93bn | €0.60bn more2.1% of GDP morelikely toward Russia · 76% | −€0.60bn−2.1% of GDPlikely toward Russia · 76% |
| 58 | Switzerland | −€0.49bn−0.06% of GDP · −€55 per personrange −€3bn to +€1.4bn | €1.6bn more0.18% of GDP morelikely toward Russia · 86% | +€8.7bn+1.0% of GDPvery likely · >99% |
| 59 | Ecuador | +€0.48bn+0.43% of GDP · +€27 per personrange +€95m to +€1.7bn | €0.41bn less0.37% of GDP lesslikely toward Ukraine · 89% | +€0.41bn+0.37% of GDPlikely toward Ukraine · 89% |
| 60 | Mongolia | −€0.44bn−2.3% of GDP · −€124 per personrange −€1.1bn to +€2.2bn | €1.2bn more6.4% of GDP morelikely toward Russia · 77% | −€1.2bn−6.4% of GDPlikely toward Russia · 77% |
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.
Party to the war (with Russia), not ranked
- Belarus: Russia's gain on fuel and goods it sold +€2.4bn
- North Korea: Russia's gain on fuel and goods it sold −€18m
Related
- 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
- Services sold to 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/russia-earnings-from-fuel-and-goods/