The countries that benefit the most of these wars:
USA: benefits from a massive influx of orders for its defense industry and a sharply increased export of liquefied natural gas (LNG) to Europe.
China: benefits strategically by importing heavily discounted Russian energy and by having Chinese companies fill the void left by Western players in the Russian market.
Ukraine: has built a massive domestic defense and drone industry attracting billions in foreign investment, while transforming itself into a future exporter of advanced technological and operational expertise.
Israel: their weapons industry reached a record export of over $19 billion in 2025, as international buyers purchase these systems due to their proven real-time effectiveness on the battlefield.
Russia: despite high war costs, the Kremlin benefits indirectly from rising oil prices due to Middle East tensions and the fragmented geopolitical attention of the West.
India: benefits by purchasing cheap Russian crude oil on a large scale, refining it, and reselling the finished petroleum products to Europe at a profit.
Saudi Arabia & UAE: these Gulf states see their state coffers grow due to increased global oil and gas prices driven directly by instability in both conflict regions.