G7 pledges $4.5 billion to fight global hunger

 The seven rich democrats, of G7 to commit $4.5 million to fight global hunger , a US official said , as it responds to worries in developing countries about the threat of hunger triggered by Ukraine. 

On the final day of the summit in Germany , the group said that over   half of the sum will be provided by United Nations , which would help 47 countries to fight hunger and to fund regional development of those countries.  The summit is encouraging emerging countries , who have close ties with Russia , to oppose Russia invasion on Ukraine and invited over five major low and middle income economies to support the G7. As earlier victims of western colonization some developing countries see the invasion of Ukraine as self-serving and more concerned about the soaring food prices on their  populations, while some blame western sanctions the reason for high prices and blockade of supply chain , ports and for the shortages.

About $2 billion to go directly to the humanitarian interventions and $ 760 million going to "food assistance " to enhance the resilience and productivity of food systems around the world.

Whirlpool to sell its Russian operations to a Turkish appliances maker Arcelik AS , also includes operations in Kazakhstan and other commonwealth of independent states (CIS) will result in loss of $300 to $ 400 million the current quarter. , a move which which will see a raft of western firms exiting the sanctions-hit countries. 

The 48th G7 summit was held from 26to 28 June 2022 in Schloss Elmau, Bavarian Alps, Germany. other than the G7 members ( Canada, France, Germany , Italy, Japan, The United Kingdom , and The United States) leaders of Argentina , India, Indonesia, Senegal, South Africa, Ukraine.  Germany has previously hosted G7 summit in 2015 at Schloss Elmau, Bavarian Alps.