War Balance
Russia's war income: whose trade added most to Russia's earnings since 2022?
How much more Russia kept from trade with each country, from 2022 to August 2026, than in a world without the war: taxes and profit above a normal return, not the full sales value. With China, Russia kept €128bn more; the table continues with India and Türkiye.
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 · 40
Sorted by “Russia kept from trade, vs no war” in euros, from where Russia kept more to where it kept less, 2022 to August 2026. More or less: how much more or less Russia kept (taxes and profit, not sales) than in a world without the war; + adds to its support for Ukraine, − takes from it; + toward Ukraine, − toward Russia.
Listed: the countries where Russia kept more; those where it kept less are on the trade with Russia ranking.
| # | Country | Russia kept from trade, vs no war | Paid Russia since 2022 | Support for Ukraine | Net |
|---|---|---|---|---|---|
| 1 | China | €128bn more0.74% of GDP more · €91 per person morelikely 0.32% to 1.1% toward Russiavery likely · >99% | €547bn3.2% of GDP | −€0.52bn<0.01% of GDPessentially zero | −€128bn−0.75% of GDPvery likely · >99% |
| 2 | India | €70.5bn more2.2% of GDP more · €49 per person morelikely 1.0% to 3.2% toward Russiavery likely · >99% | €201bn6.2% of GDP | −€0.15bn<0.01% of GDPessentially zero | −€70.6bn−2.2% of GDPvery likely · >99% |
| 3 | Türkiye | €32.8bn more3.1% of GDP more · €384 per person morelikely 0.20% to 5.2% toward Russiavery likely · 96% | €174bn16.3% of GDP | +€0.16bn+0.02% of GDPessentially zero | −€32.7bn−3.1% of GDPvery likely · 96% |
| 4 | Hungary | €12.3bn more6.4% of GDP more · €1,283 per person morelikely 1.2% to 10.2% toward Russiavery likely · 98% | €30.6bn16.1% of GDP | +€0.68bn+0.36% of GDPvery likely · >99% | −€11.4bn−6.0% of GDPvery likely · 97% |
| 5 | Brazil | €10.1bn more0.51% of GDP more · €48 per person morelikely 0.29% to 0.71% toward Russiavery likely · >99% | €43.4bn2.2% of GDP | +€30m<0.01% of GDPessentially zero | −€10.1bn−0.51% of GDPvery likely · >99% |
| 6 | Hong Kong | €5.7bn more1.6% of GDP more · €763 per person morelikely from 3.7% toward Russia to 0.03% toward Ukrainelikely toward Russia · 97% | €24.9bn7.0% of GDP | −€11m<0.01% of GDPessentially zero | −€5.8bn−1.6% of GDPlikely toward Russia · 97% |
| 7 | Uzbekistan | €4.1bn more4.1% of GDP more · €113 per person morelikely 1.7% to 6.8% toward Russiavery likely · >99% | €31.2bn31.1% of GDP | −€3m<0.01% of GDPessentially zero | −€4.1bn−4.1% of GDPvery likely · >99% |
| 8 | Saudi Arabia | €3.9bn more0.33% of GDP more · €109 per person morelikely 0.11% to 0.55% toward Russiavery likely · 99% | €18.3bn1.6% of GDP | +€0.36bn+0.03% of GDPessentially zero | −€3.5bn−0.30% of GDPvery likely · 99% |
| 9 | United Arab Emirates | €3.6bn more0.72% of GDP more · €323 per person morelikely from 2.0% toward Russia to 0.22% toward Ukrainelikely toward Russia · 97% | €29.2bn5.9% of GDP | +€48m<0.01% of GDPessentially zero | −€3.5bn−0.71% of GDPlikely toward Russia · 97% |
| 10 | Libya | €2.8bn more6.6% of GDP more · €378 per person morelikely 1.7% to 10.5% toward Russiavery likely · 99% | €7.5bn17.8% of GDP | −€13m−0.03% of GDPessentially zero | −€2.8bn−6.6% of GDPvery likely · 99% |
| 11 | Indonesia | €2.5bn more0.20% of GDP more · €9 per person morelikely 0.07% to 0.36% toward Russiavery likely · >99% | €14.3bn1.1% of GDP | −€41m<0.01% of GDPessentially zero | −€2.6bn−0.20% of GDPvery likely · >99% |
| 12 | Malaysia | €2.5bn more0.65% of GDP more · €69 per person morelikely 0.19% to 1.2% toward Russiavery likely · 99% | €11.3bn3.0% of GDP | +€3m<0.01% of GDPessentially zero | −€2.5bn−0.64% of GDPvery likely · 99% |
| 13 | Austria | €2.4bn more0.51% of GDP more · €265 per person morelikely from 2.1% toward Russia to 1.4% toward Ukrainelikely toward Russia · 67% | €19.4bn4.1% of GDP | +€3.7bn+0.79% of GDPvery likely · >99% | +€2.1bn+0.45% of GDPlikely toward Ukraine · 68% |
| 14 | Singapore | €2.2bn more0.44% of GDP more · €362 per person morelikely from 1.6% toward Russia to 0.71% toward Ukrainelikely toward Russia · 78% | €25bn5.0% of GDP | +€0.12bn+0.02% of GDPessentially zero | −€2bn−0.41% of GDPlikely toward Russia · 75% |
| 15 | Tunisia | €2.1bn more4.6% of GDP more · €170 per person morelikely 1.1% to 7.2% toward Russiavery likely · 98% | €8.4bn18.6% of GDP | +€7m+0.02% of GDPessentially zero | −€2.1bn−4.6% of GDPvery likely · 98% |
| 16 | Australia | €1.9bn more0.12% of GDP more · €70 per person morelikely 0.07% to 0.17% toward Russiavery likely · >99% | €6.9bn0.43% of GDP | +€1.3bn+0.08% of GDPvery likely · >99% | −€0.61bn−0.04% of GDPessentially zero |
| 17 | Iran | €1.9bn more0.44% of GDP more · €20 per person morelikely 0.21% to 0.69% toward Russiavery likely · >99% | €8.2bn1.9% of GDP | −€1m<0.01% of GDPessentially zero | −€1.9bn−0.44% of GDPvery likely · >99% |
| 18 | South Africa | €1.8bn more0.49% of GDP more · €28 per person morelikely 0.18% to 0.79% toward Russiavery likely · >99% | €7bn1.9% of GDP | −€3m<0.01% of GDPessentially zero | −€1.8bn−0.49% of GDPvery likely · >99% |
| 19 | Azerbaijan | €1.8bn more2.5% of GDP more · €173 per person morelikely 0.86% to 4.1% toward Russiavery likely · 99% | €14.2bn20.3% of GDP | +€31m+0.04% of GDPessentially zero | −€1.7bn−2.5% of GDPvery likely · 99% |
| 20 | Egypt | €1.8bn more0.45% of GDP more · €15 per person morelikely 0.01% to 1.1% toward Russiavery likely · 95% | €23bn5.9% of GDP | +€86m+0.02% of GDPessentially zero | −€1.7bn−0.43% of GDPlikely toward Russia · 95% |
| 21 | Switzerland | €1.6bn more0.18% of GDP more · €175 per person morelikely from 0.73% toward Russia to 0.15% toward Ukrainelikely toward Russia · 86% | €19.9bn2.3% of GDP | +€8.3bn+0.97% of GDPvery likely · >99% | +€8.7bn+1.0% of GDPvery likely · >99% |
| 22 | Greece | €1.6bn more0.70% of GDP more · €149 per person morelikely from 3.1% toward Russia to 1.9% toward Ukrainelikely toward Russia · 69% | €18.9bn8.5% of GDP | +€1.4bn+0.65% of GDPvery likely · >99% | +€0.18bn+0.08% of GDPessentially zero |
| 23 | Kyrgyzstan | €1.4bn more10.0% of GDP more · €196 per person morelikely 0.76% to 18.7% toward Russiavery likely · 97% | €13.1bn92.5% of GDP | −€1m<0.01% of GDPessentially zero | −€1.4bn−10.0% of GDPvery likely · 97% |
| 24 | Oman | €1.4bn more1.4% of GDP more · €263 per person morelikely 0.63% to 2.3% toward Russiavery likely · >99% | €3.7bn3.6% of GDP | −€15m−0.02% of GDPessentially zero | −€1.4bn−1.4% of GDPvery likely · >99% |
| 25 | Mongolia | €1.2bn more6.4% of GDP more · €344 per person morelikely from 10.7% toward Russia to 7.8% toward Ukrainelikely toward Russia · 77% | €11.2bn58.9% of GDP | −€2m−0.01% of GDPessentially zero | −€1.2bn−6.4% of GDPlikely toward Russia · 77% |
| 26 | Georgia | €1.2bn more4.1% of GDP more · €302 per person morelikely from 6.6% toward Russia to 2.4% toward Ukrainelikely toward Russia · 86% | €8.2bn29.5% of GDP | −€7m−0.03% of GDPessentially zero | −€1.2bn−4.1% of GDPlikely toward Russia · 87% |
| 27 | Serbia | €1.1bn more1.4% of GDP more · €160 per person morelikely from 3.6% toward Russia to 1.3% toward Ukrainelikely toward Russia · 83% | €9.5bn12.9% of GDP | −€2m<0.01% of GDPessentially zero | −€1.1bn−1.4% of GDPlikely toward Russia · 84% |
| 28 | Nepal | €0.95bn more2.4% of GDP more · €32 per person morelikely 1.5% to 3.5% toward Russiavery likely · >99% | €1.7bn4.5% of GDP | −€22m−0.06% of GDPvery likely · 97% | −€0.97bn−2.5% of GDPvery likely · >99% |
| 29 | Slovakia | €0.91bn more0.75% of GDP more · €168 per person morelikely from 4.9% toward Russia to 3.8% toward Ukrainetoo close to call · 58% toward Russia | €14.4bn11.9% of GDP | +€1.1bn+0.89% of GDPvery likely · >99% | +€0.29bn+0.24% of GDPtoo close to call · 58% toward Ukraine |
| 30 | Tanzania | €0.82bn more1.1% of GDP more · €12 per person morelikely 0.62% to 1.6% toward Russiavery likely · >99% | €2.4bn3.2% of GDP | −€6m<0.01% of GDPessentially zero | −€0.82bn−1.1% of GDPvery likely · >99% |
| 31 | Burkina Faso | €0.75bn more3.9% of GDP more · €32 per person morelikely from 7.1% toward Russia to 0.80% toward Ukrainelikely toward Russia · 92% | €2.5bn13.1% of GDP | – | −€0.75bn−3.9% of GDPlikely toward Russia · 92% |
| 32 | Sri Lanka | €0.69bn more0.86% of GDP more · €32 per person morelikely 0.53% to 1.2% toward Russiavery likely · >99% | €2.5bn3.2% of GDP | −€8m<0.01% of GDPessentially zero | −€0.70bn−0.87% of GDPvery likely · >99% |
| 33 | Ghana | €0.66bn more0.90% of GDP more · €19 per person morelikely 0.24% to 1.4% toward Russiavery likely · 99% | €2.4bn3.3% of GDP | −€13m−0.02% of GDPessentially zero | −€0.68bn−0.92% of GDPvery likely · 99% |
| 34 | Senegal | €0.60bn more2.1% of GDP more · €32 per person morelikely from 4.0% toward Russia to 2.9% toward Ukrainelikely toward Russia · 76% | €3.5bn12.3% of GDP | −€2m<0.01% of GDPessentially zero | −€0.60bn−2.1% of GDPlikely toward Russia · 76% |
| 35 | Côte d'Ivoire | €0.52bn more0.70% of GDP more · €16 per person morelikely 0.32% to 0.97% toward Russiavery likely · >99% | €1.8bn2.4% of GDP | −€2m<0.01% of GDPessentially zero | −€0.52bn−0.71% of GDPvery likely · >99% |
| 36 | Iraq | €0.51bn more0.20% of GDP more · €11 per person morelikely from 0.56% toward Russia to 0.01% toward Ukrainelikely toward Russia · 94% | €3.3bn1.3% of GDP | −€57m−0.02% of GDPessentially zero | −€0.57bn−0.22% of GDPvery likely · 96% |
| 37 | Yemen | €0.46bn more5.2% of GDP more · €11 per person morelikely 1.4% to 8.5% toward Russiavery likely · 99% | €1.7bn18.9% of GDP | −€3m−0.03% of GDPessentially zero | −€0.46bn−5.2% of GDPvery likely · 99% |
| 38 | North Macedonia | €0.36bn more2.5% of GDP more · €197 per person morelikely from 4.5% toward Russia to 0.44% toward Ukrainelikely toward Russia · 91% | €1.5bn10.0% of GDP | +€61m+0.42% of GDPvery likely · >99% | −€0.30bn−2.1% of GDPlikely toward Russia · 87% |
| 39 | Kenya | €0.32bn more0.30% of GDP more · €6 per person morelikely from 0.58% toward Russia to 0.10% toward Ukrainelikely toward Russia · 89% | €3.1bn3.0% of GDP | −€9m<0.01% of GDPessentially zero | −€0.33bn−0.31% of GDPlikely toward Russia · 90% |
| 40 | Afghanistan | €0.24bn more1.5% of GDP more · €6 per person morelikely 0.27% to 2.7% toward Russiavery likely · 98% | €1.7bn10.9% of GDP | −€1m<0.01% of GDPessentially zero | −€0.24bn−1.5% of GDPvery likely · 98% |
Each row: the best estimate, then its range and the chance of its direction, as in the country's panel.
Party to the war (with Russia), not ranked
- Belarus: Russia kept from trade, vs no war €2.5bn more
- North Korea: Russia kept from trade, vs no war €5.9bn more
Questions
Which countries help Russia's economy the most?
In money terms, the table starts with China, India and Türkiye: since 2022 Russia kept €128bn more with China than without the war. This counts Russia's gain (taxes and profit), not the sales value. Weapons, troops and diplomacy are not in the number.
How much more did Russia earn from trade because of the war?
Adding up the 40 countries listed, Russia kept €312bn more than without the war. Other countries cut what Russia kept, and the world total nets both out; see the trade with Russia ranking.
How sure are these figures?
Each has a range and a chance for its direction. For 25 of the countries listed the extra for Russia is very likely. For 15 it is likely, too close to call or near zero.
Related
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-war-income/