Trade with Russia in 2025: whose trade raised or cut Russia's earnings?

How much more or less Russia kept (taxes and profit, not the sales value) from trade with each country in 2025 than in a world without the war. The table starts with China, India and Türkiye.

The figures for 2026 cover January to August, yet they can reach those of 2025: the world without the war is valued at each year's prices, and 2026 prices include the spike after the Strait of Hormuz closed, while Russia's own oil and gas revenue fell against the same months of 2025. How prices are set →

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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 · 60

Sorted by “Russia kept from trade, vs no war” in euros, from where Russia kept more to where it kept less, in 2025. 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.

#	Country	Russia kept from trade, vs no war	Support for Ukraine	Russian money frozen (return lost)	Net
1	China	€22.5bn more0.13% of GDP more · €16 per person more	−€0.18bn<0.01% of GDP	–	−€22.6bn−0.13% of GDP
2	India	€12.4bn more0.38% of GDP more · €9 per person more	−€58m<0.01% of GDP	–	−€12.4bn−0.38% of GDP
3	Türkiye	€4.3bn more0.40% of GDP more · €50 per person more	+€8m<0.01% of GDP	–	−€4.3bn−0.40% of GDP
4	Brazil	€1.7bn more0.09% of GDP more · €8 per person more	+€2m<0.01% of GDP	–	−€1.7bn−0.09% of GDP
5	Hungary	€1.6bn more0.85% of GDP more · €170 per person more	+€0.11bn+0.06% of GDP	€41m0.02% of GDP	−€1.5bn−0.78% of GDP
6	Hong Kong	€1.6bn more0.43% of GDP more · €206 per person more	−€3m<0.01% of GDP	–	−€1.6bn−0.44% of GDP
7	Saudi Arabia	€0.93bn more0.08% of GDP more · €26 per person more	+€8m<0.01% of GDP	–	−€0.92bn−0.08% of GDP
8	Uzbekistan	€0.81bn more0.80% of GDP more · €22 per person more	−€1m<0.01% of GDP	–	−€0.81bn−0.80% of GDP
9	United Arab Emirates	€0.67bn more0.14% of GDP more · €61 per person more	+€8m<0.01% of GDP	–	−€0.67bn−0.14% of GDP
10	Indonesia	€0.61bn more0.05% of GDP more · €2 per person more	−€9m<0.01% of GDP	–	−€0.62bn−0.05% of GDP
11	Libya	€0.52bn more1.2% of GDP more · €70 per person more	−€1m<0.01% of GDP	–	−€0.52bn−1.2% of GDP
12	Tunisia	€0.48bn more1.1% of GDP more · €39 per person more	+€7m+0.02% of GDP	–	−€0.48bn−1.1% of GDP
13	Singapore	€0.43bn more0.09% of GDP more · €72 per person more	+€7m<0.01% of GDP	€10m<0.01% of GDP	−€0.42bn−0.08% of GDP
14	Switzerland	€0.41bn more0.05% of GDP more · €46 per person more	+€1.7bn+0.20% of GDP	€0.44bn0.05% of GDP	+€1.8bn+0.21% of GDP
15	Azerbaijan	€0.41bn more0.58% of GDP more · €40 per person more	−€1m<0.01% of GDP	–	−€0.41bn−0.58% of GDP
16	Kyrgyzstan	€0.39bn more2.8% of GDP more · €54 per person more	−€1m<0.01% of GDP	–	−€0.39bn−2.8% of GDP
17	Australia	€0.36bn more0.02% of GDP more · €13 per person more	+€97m<0.01% of GDP	€4m<0.01% of GDP	−€0.26bn−0.02% of GDP
18	Egypt	€0.34bn more0.09% of GDP more · €3 per person more	+€38m<0.01% of GDP	–	−€0.31bn−0.08% of GDP
19	Thailand	€0.32bn more0.07% of GDP more · €4 per person more	−€1m<0.01% of GDP	–	−€0.32bn−0.07% of GDP
20	Iran	€0.28bn more0.07% of GDP more · €3 per person more	−€3m<0.01% of GDP	–	−€0.28bn−0.07% of GDP
21	Oman	€0.25bn more0.25% of GDP more · €47 per person more	−€4m<0.01% of GDP	–	−€0.25bn−0.25% of GDP
22	Malaysia	€0.23bn more0.06% of GDP more · €6 per person more	−€2m<0.01% of GDP	–	−€0.23bn−0.06% of GDP
23	Venezuela	€0.20bn more0.21% of GDP more · €7 per person more	–	–	−€0.20bn−0.21% of GDP
24	Georgia	€0.20bn more0.72% of GDP more · €53 per person more	−€4m−0.02% of GDP	–	−€0.21bn−0.74% of GDP
25	Nepal	€0.17bn more0.43% of GDP more · €6 per person more	−€8m−0.02% of GDP	–	−€0.18bn−0.45% of GDP
26	South Africa	€0.16bn more0.04% of GDP more · €2 per person more	−€5m<0.01% of GDP	–	−€0.16bn−0.04% of GDP
27	Syria	€0.12bn more0.63% of GDP more · €5 per person more	+€2m+0.01% of GDP	–	−€0.12bn−0.61% of GDP
28	Burkina Faso	€0.12bn more0.60% of GDP more · €5 per person more	–	–	−€0.12bn−0.60% of GDP
29	Senegal	€0.10bn more0.37% of GDP more · €6 per person more	–	–	−€0.10bn−0.37% of GDP
30	Angola	€0.10bn more0.10% of GDP more · €3 per person more	−€1m<0.01% of GDP	–	−€0.10bn−0.10% of GDP
31	Côte d'Ivoire	€98m more0.13% of GDP more · €3 per person more	−€1m<0.01% of GDP	–	−€99m−0.13% of GDP
32	Tanzania	€96m more0.13% of GDP more · €1 per person more	−€2m<0.01% of GDP	–	−€98m−0.13% of GDP
33	Yemen	€94m more1.1% of GDP more · €2 per person more	+€4m+0.04% of GDP	–	−€90m−1.0% of GDP
34	Mongolia	€78m more0.41% of GDP more · €22 per person more	−€1m<0.01% of GDP	–	−€79m−0.42% of GDP
35	Sri Lanka	€62m more0.08% of GDP more · €3 per person more	−€2m<0.01% of GDP	–	−€64m−0.08% of GDP
36	Afghanistan	€55m more0.36% of GDP more · €1 per person more	–	–	−€55m−0.36% of GDP
37	Ghana	€50m more0.07% of GDP more · €1 per person more	−€4m<0.01% of GDP	–	−€54m−0.07% of GDP
38	Morocco	€42m more0.03% of GDP more · €1 per person more	−€13m<0.01% of GDP	–	−€54m−0.04% of GDP
39	Qatar	€41m more0.02% of GDP more · €14 per person more	+€17m<0.01% of GDP	–	−€23m−0.01% of GDP
40	North Macedonia	€34m more0.24% of GDP more · €19 per person more	+€2m+0.01% of GDP	–	−€32m−0.22% of GDP
41	Namibia	€31m more0.26% of GDP more · €10 per person more	–	–	−€31m−0.26% of GDP
42	Iraq	€28m more0.01% of GDP more · €1 per person more	−€8m<0.01% of GDP	–	−€37m−0.01% of GDP
43	Brunei	€20m more0.14% of GDP more · €44 per person more	–	–	−€20m−0.14% of GDP
44	Benin	€20m more0.11% of GDP more · €1 per person more	–	–	−€20m−0.11% of GDP
45	Central African Republic small economy	€19m more0.81% of GDP more · €4 per person more	–	–	−€19m−0.81% of GDP
46	Jordan	€18m more0.03% of GDP more · €2 per person more	−€2m<0.01% of GDP	–	−€20m−0.04% of GDP
47	Kenya	€17m more0.02% of GDP more · <€1 per person	−€3m<0.01% of GDP	–	−€20m−0.02% of GDP
48	Bhutan small economy	€17m more0.58% of GDP more · €21 per person more	–	–	−€17m−0.58% of GDP
49	New Zealand	€14m more<0.01% of GDP · €3 per person more	+€9m<0.01% of GDP	–	−€5m<0.01% of GDP
50	Jamaica	€12m more0.06% of GDP more · €4 per person more	–	–	−€12m−0.06% of GDP
51	Mozambique	€12m more0.06% of GDP more · <€1 per person	–	–	−€12m−0.06% of GDP
52	Togo	€11m more0.12% of GDP more · €1 per person more	−€1m<0.01% of GDP	–	−€12m−0.13% of GDP
53	Gambia small economy	€11m more0.49% of GDP more · €4 per person more	–	–	−€11m−0.49% of GDP
54	Congo	€10m more0.07% of GDP more · €2 per person more	–	–	−€10m−0.07% of GDP
55	Tajikistan	€10m more0.08% of GDP more · €1 per person more	–	–	−€10m−0.08% of GDP
56	Djibouti small economy	€8m more0.23% of GDP more · €7 per person more	+€1m+0.03% of GDP	–	−€7m−0.21% of GDP
57	Uganda	€7m more0.02% of GDP more · <€1 per person	−€1m<0.01% of GDP	–	−€8m−0.02% of GDP
58	DR Congo	€6m more<0.01% of GDP · <€1 per person	–	–	−€6m<0.01% of GDP
59	Macao	€5m more0.01% of GDP more · €8 per person more	–	–	−€5m−0.01% of GDP
60	Mauritius	€5m more0.04% of GDP more · €4 per person more	–	–	−€5m−0.04% of GDP

Each row: that year's amount, a best estimate. The ranges and chances are for the totals since 2022, on each country's page.

Party to the war (with Russia), not ranked

Belarus: Russia kept from trade, vs no war €0.33bn more
North Korea: Russia kept from trade, vs no war €2.3bn more

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/trade-with-russia-2025/

Trade with Russia in 2025: whose trade raised or cut Russia's earnings?

Ranking · 60

Party to the war (with Russia), not ranked

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