Another option is to strafe Yugo G2 as in this scenario:
G1 build 7 mech, save $2. Take France, Normandy, Bulgaria, Finland. Sink z110 with 2 subs and planes. Sub, cruiser, battleship to z112; transport to z113. Land fighters and tacs in West Germany. All ground units in range go to Hungary. Hungary fighter to Rome. When taking France lose artillery before mechs. Collect $68 and finish with $70 in hand. Italy will take South France.
UK decides whether to sink z112 and/or Taranto. If UK sends all naval and air to z112 then no scramble and start making plans for Italy to conquer the world (luftwaffe may sink those UK ships without air cover G2). Scramble z113 if bomber goes for the transport. If UK tries to hit both Taranto AND z112 then scramble and consider building transports G2. If UK attacks just Taranto or neither, sink royal navy G2 or at least the blockers. Consider building carrier out of Normandy. Sealion possible if royal navy sunk and UK does not build all infantry.
G2 Build 10 transports or 10 tanks and a fighter (or possibly carrier, 7 tanks, 3 mech). Unless sealion looks very good, take East Poland with everything in range.
Strafe Yugo with 1 infantry from Hungary and tanks/mechs from France and retreat to Hungary.
Italy finishes Yugo.
G3 Massive tank/mech force to Baltic states. Finland infantry take Karelia/Vyborg with air support from West Germany if needed (unlikely). Infantry/artillery/air take Belarus and West Ukraine with minimal force. Reinforce Baltic states, Belarus, West Ukraine with infantry/AA as needed depending on Soviet counterattack potential. Sink UK navy to delay D-Day invasion if you did the carrier in z110 bit. Build infantry/artillery.
G4 Novgorod. German income now much higher than USSR. Build infantry/artillery.
Next few turns stack East Poland and Novgorod, trading Belarus & West Ukraine if you can get Russia to waste units liberating them (use AA guns wisely). Keep infantry/AA in Archangel and/or sub in z125. Soviet income declines as Japan marches across the East. Eventually they will get too weak to stop you going all in to Belarus, especially if they have been building nothing but infantry. Smolensk route forces evacuation of Bryansk and full turtle to Moscow. Consider SBR at this point. Meanwhile strong Italy builds to counter landing force in France. Stake in the heart is when Japanese fleet sails south to scare India but skips it to help Italy take Egypt instead. :-)