What are you talking sbout. It is backed by oil , gas, wheat and gold bullions.2000 tons of it,
Except for oil purchase by the EU, India (insignificant amount) and Tiongland, who else is buying their wheat and gold? Use your common sense if Russia is still selling their wheat worldwide, there shouldn't be the lack of wheat supplies currently as faced by Turkey, Libya, Egypt, Middle Eastern countries, etc. Explain to me how those countries I mentioned are claiming that they are not getting their supplies of wheat? Sometimes I don't know if you are that well educated or you simply tries to bull-shit your way here?
Shipments of Russian commodities by sea are almost on the blockage and insurance companies are not taking up for fear of violating the sanctions imposed by the West. When your country is being sanctioned worldwide, who can you sell your gold bullions to? You always talk nonsense. Do your homework first lah.