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Countries cashing in on the war in Ukraine

The nations reaping benefits from Russia's invasion
China
China
India
India
Turkey
Turkey
UAE
UAE
Saudi Arabia
Saudi Arabia
Qatar
Qatar
Kuwait
Kuwait
Norway
Norway
Australia
Australia
Uzbekistan
Uzbekistan
Georgia
Georgia
Kazakhstan
Kazakhstan
Armenia
Armenia
Algeria
Algeria
Indonesia
Indonesia
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ALEXEI DRUZHININ/Contributor/Getty Images

The nations reaping benefits from Russia's invasion

Since it began a year ago, the war between Russia and Ukraine has hit economies hard around the world, sending energy and food prices soaring. Still, several nations are actually profiting from the conflict, be it by ramping up exports to Russia, by welcoming moneyed Russian migrants, or by increased demand for fossil fuels and other commodities from the countries shunning the Putin regime.

As we reach the first anniversary of the invasion, read on to discover the 15 nations that are making a fortune from this devastating conflict. All dollar amounts in US dollars.

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Daniel Coughlin

21 February 2023

Features

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