Abstract
This paper proposes a mechanism to mitigate the collateral effect of economic sanctions on Venezuelans. The mechanism consists in a humanitarian exception to oil sanctions and a governance structure to ensure that the resources produced by exports to the United States are used for the benefit of all Venezuelans. The mechanism requires agreement and coordination by both parties to the political conflict – the administrations of Juan Guaidó and Nicolás Maduro – as well as the support and collaboration of the United States government.