How about:
G1: 5 tanks, 2 Inf
G2: 9 tanks (35 ipc’s of territory, + 10 w/ NO’s)
I2-I3: have tanks and /or plane in position to try to open up an adjacent territory to Russia (Moscow), so German tanks can Blitz in. Have other troops to protect/ liberate France.
G3: Inf and tanks to protect/ liberate France, attack other Russian territories.
J3: Should have India, 13+ ipc’s of UK’s money, and most/all of China by now.
G4: Take Moscow.
Your mileage may vary.
I have yet to try this but: on G1 and I1and I2, ignore Egypt and land troops in Russian territories. As Italy, you’ll be giving up some NO money, but softening up/ reinforcing territories for the Germans.