An influential group of Republican and Democratic U.S. senators introduced sweeping legislation on Wednesday to address the crisis in Venezuela, including sanctioning individuals responsible for undermining democracy or involved in corruption,
The bill, first reported by Reuters, 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.
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.
In total, Rosneft has lent PDVSA between $4 billion and $5 billion.
