Trade with Russia in 2026 (to August): 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 2026 (to August) than in a world without the war. The table starts with China, India and Türkiye.

2026 covers January to August, yet its amounts can reach those of a full year: 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 2026 (to August). 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	€20.7bn more0.12% of GDP more · €15 per person more	−€97m<0.01% of GDP	–	−€20.8bn−0.12% of GDP
2	India	€10.3bn more0.32% of GDP more · €7 per person more	−€32m<0.01% of GDP	–	−€10.3bn−0.32% of GDP
3	Türkiye	€1.9bn more0.18% of GDP more · €22 per person more	+€10m<0.01% of GDP	–	−€1.9bn−0.18% of GDP
4	Brazil	€1.9bn more0.10% of GDP more · €9 per person more	+€5m<0.01% of GDP	–	−€1.9bn−0.10% of GDP
5	Hong Kong	€1.2bn more0.33% of GDP more · €156 per person more	−€2m<0.01% of GDP	–	−€1.2bn−0.33% of GDP
6	Uzbekistan	€0.99bn more0.99% of GDP more · €27 per person more	+€3m<0.01% of GDP	–	−€0.99bn−0.99% of GDP
7	Australia	€0.71bn more0.04% of GDP more · €26 per person more	+€93m<0.01% of GDP	€2m<0.01% of GDP	−€0.61bn−0.04% of GDP
8	Saudi Arabia	€0.63bn more0.05% of GDP more · €18 per person more	−€1m<0.01% of GDP	–	−€0.63bn−0.05% of GDP
9	Singapore	€0.49bn more0.10% of GDP more · €80 per person more	+€6m<0.01% of GDP	€5m<0.01% of GDP	−€0.47bn−0.10% of GDP
10	United Arab Emirates	€0.40bn more0.08% of GDP more · €36 per person more	−€3m<0.01% of GDP	–	−€0.40bn−0.08% of GDP
11	Tunisia	€0.36bn more0.81% of GDP more · €30 per person more	+€2m<0.01% of GDP	–	−€0.36bn−0.81% of GDP
12	Kyrgyzstan	€0.36bn more2.6% of GDP more · €50 per person more	–	–	−€0.36bn−2.6% of GDP
13	Indonesia	€0.33bn more0.03% of GDP more · €1 per person more	−€4m<0.01% of GDP	–	−€0.33bn−0.03% of GDP
14	Mongolia	€0.32bn more1.7% of GDP more · €91 per person more	–	–	−€0.32bn−1.7% of GDP
15	Oman	€0.28bn more0.28% of GDP more · €54 per person more	−€3m<0.01% of GDP	–	−€0.29bn−0.29% of GDP
16	Egypt	€0.26bn more0.07% of GDP more · €2 per person more	+€6m<0.01% of GDP	–	−€0.25bn−0.06% of GDP
17	Malaysia	€0.22bn more0.06% of GDP more · €6 per person more	–	–	−€0.22bn−0.06% of GDP
18	Nepal	€0.20bn more0.51% of GDP more · €7 per person more	−€3m<0.01% of GDP	–	−€0.20bn−0.52% of GDP
19	South Africa	€0.18bn more0.05% of GDP more · €3 per person more	–	–	−€0.18bn−0.05% of GDP
20	Burkina Faso	€0.15bn more0.78% of GDP more · €6 per person more	–	–	−€0.15bn−0.78% of GDP
21	Syria	€0.13bn more0.66% of GDP more · €5 per person more	+€1m<0.01% of GDP	–	−€0.13bn−0.65% of GDP
22	Ghana	€0.13bn more0.17% of GDP more · €4 per person more	−€2m<0.01% of GDP	–	−€0.13bn−0.17% of GDP
23	Senegal	€0.10bn more0.37% of GDP more · €6 per person more	–	–	−€0.10bn−0.37% of GDP
24	Sudan	€93m more0.21% of GDP more · €2 per person more	−€1m<0.01% of GDP	–	−€94m−0.21% of GDP
25	Georgia	€87m more0.31% of GDP more · €23 per person more	−€3m<0.01% of GDP	–	−€90m−0.32% of GDP
26	Vietnam	€84m more0.02% of GDP more · €1 per person more	+€12m<0.01% of GDP	–	−€72m−0.02% of GDP
27	Sri Lanka	€76m more0.09% of GDP more · €3 per person more	−€1m<0.01% of GDP	–	−€77m−0.10% of GDP
28	Tanzania	€75m more0.10% of GDP more · €1 per person more	−€1m<0.01% of GDP	–	−€76m−0.10% of GDP
29	Brunei	€71m more0.49% of GDP more · €154 per person more	–	–	−€71m−0.49% of GDP
30	Yemen	€58m more0.65% of GDP more · €1 per person more	+€8m+0.09% of GDP	–	−€50m−0.56% of GDP
31	Namibia	€37m more0.31% of GDP more · €12 per person more	–	–	−€37m−0.31% of GDP
32	Côte d'Ivoire	€35m more0.05% of GDP more · €1 per person more	−€1m<0.01% of GDP	–	−€35m−0.05% of GDP
33	Hungary	€27m more0.01% of GDP more · €3 per person more	−€36m−0.02% of GDP	€24m0.01% of GDP	−€38m−0.02% of GDP
34	Kenya	€23m more0.02% of GDP more · <€1 per person	−€2m<0.01% of GDP	–	−€25m−0.02% of GDP
35	Jordan	€22m more0.04% of GDP more · €2 per person more	−€2m<0.01% of GDP	–	−€24m−0.05% of GDP
36	Benin	€15m more0.09% of GDP more · €1 per person more	–	–	−€16m−0.09% of GDP
37	Bhutan small economy	€14m more0.49% of GDP more · €18 per person more	–	–	−€14m−0.49% of GDP
38	Afghanistan	€14m more0.09% of GDP more · <€1 per person	–	–	−€14m−0.09% of GDP
39	Qatar	€13m more<0.01% of GDP · €5 per person more	+€15m<0.01% of GDP	–	+€1m<0.01% of GDP
40	Central African Republic small economy	€12m more0.48% of GDP more · €2 per person more	–	–	−€11m−0.48% of GDP
41	Paraguay	€8m more0.02% of GDP more · €1 per person more	–	–	−€8m−0.02% of GDP
42	Jamaica	€8m more0.04% of GDP more · €3 per person more	–	–	−€8m−0.04% of GDP
43	Djibouti small economy	€8m more0.22% of GDP more · €7 per person more	+€2m+0.04% of GDP	–	−€6m−0.18% of GDP
44	Macao	€8m more0.02% of GDP more · €11 per person more	–	–	−€8m−0.02% of GDP
45	Papua New Guinea	€7m more0.02% of GDP more · €1 per person more	–	–	−€7m−0.02% of GDP
46	New Zealand	€7m more<0.01% of GDP · €1 per person more	+€17m<0.01% of GDP	–	+€10m<0.01% of GDP
47	Malawi	€7m more0.06% of GDP more · <€1 per person	–	–	−€7m−0.06% of GDP
48	Mauritius	€6m more0.05% of GDP more · €5 per person more	–	–	−€6m−0.05% of GDP
49	Bangladesh	€6m more<0.01% of GDP · <€1 per person	−€5m<0.01% of GDP	–	−€12m<0.01% of GDP
50	Myanmar	€6m more<0.01% of GDP · <€1 per person	−€1m<0.01% of GDP	–	−€7m−0.01% of GDP
51	Gambia small economy	€6m more0.27% of GDP more · €2 per person more	–	–	−€6m−0.27% of GDP
52	Fiji	€5m more0.10% of GDP more · €5 per person more	–	–	−€5m−0.10% of GDP
53	Togo	€5m more0.05% of GDP more · €1 per person more	–	–	−€5m−0.05% of GDP
54	Maldives	€4m more0.07% of GDP more · €8 per person more	–	–	−€4m−0.07% of GDP
55	Morocco	€4m more<0.01% of GDP · <€1 per person	−€7m<0.01% of GDP	–	−€11m<0.01% of GDP
56	Sierra Leone	€2m more0.04% of GDP more · <€1 per person	–	–	−€2m−0.04% of GDP
57	Bahamas	€2m more0.02% of GDP more · €5 per person more	–	–	−€2m−0.02% of GDP
58	Vanuatu small economy	€2m more0.14% of GDP more · €5 per person more	–	–	−€2m−0.14% of GDP
59	Barbados	€1m more0.02% of GDP more · €5 per person more	–	–	−€1m−0.02% of GDP
60	Saint Kitts and Nevis small economy	€1m more0.12% of GDP more · €25 per person more	–	–	−€1m−0.12% 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 €0.15bn less
North Korea: Russia kept from trade, vs no war €0.48bn 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-2026/

Trade with Russia in 2026 (to August): whose trade raised or cut Russia's earnings?

Ranking · 60

Party to the war (with Russia), not ranked

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