Exclusive: U.S. senators seek sanctions, other ways to address Venezuela crisis

[DonViejo]

Source: Reuters


Wed May 3, 2017 | 7:06am EDT

By Patricia Zengerle | WASHINGTON

An influential group of Republican and Democratic U.S. senators will file sweeping legislation on Wednesday to address the crisis in Venezuela, including sanctioning individuals responsible for undermining democracy or involved in corruption, Senate aides said.

The bill would provide $10 million in humanitarian aid to the struggling country, require the State Department to coordinate a regional effort to ease the crisis, and ask U.S. intelligence to report on the involvement of Venezuelan government officials in corruption and the drug trade, according to a copy seen by Reuters.

It also calls on President Donald Trump to take all necessary steps to prevent Rosneft, Russia's state oil company, from gaining control of any U.S. energy infrastructure.

Rosneft has been gaining ground in Venezuela as the country scrambles for cash. The Venezuelan state oil company, PDVSA, last year used 49.9 percent of its shares in its U.S. subsidiary, Citgo, as collateral for loan financing by Rosneft.


Read more: http://www.reuters.com/article/us-venezuela-usa-congress-exclusive-idUSKBN17Z13Z

[COLGATE4]

1. It's an idea long overdue but $10MM is just a pittance. That wouldn't

even begin to cover the drugs the hospitals need to keep patients alive. If we're going to try and help we should not do it half-heartedly.