Formula One is attracting state funding form nations such as Venezuela and Russia . `` In Venezuela we do n't like to lose , we always approach to win . '' The FIA has been criticised for its handling of the sport in recent years, with a number of high-profile crashes including that which claimed the life of British driver Jules Bianchi at last year's Malaysian Grand Prix. The Williams driver was personally encouraged into F1 by late president Hugo Chavez . Maldonado has set up a foundation to fund next Venezuelan F1 driver .
Formula One is attracting state funding form nations such as Venezuela and Russia . The FIA has been criticised for its handling of the sport in recent years, with a number of high-profile crashes including that which claimed the life of British driver Jules Bianchi at last year's Malaysian Grand Prix. The Williams driver was personally encouraged into F1 by late president Hugo Chavez . Maldonado has set up a foundation to fund next Venezuelan F1 driver .