On 5 January, Venezuela tumbled in a new political crisis when the leadership of the Venezuela’s National Assembly was challenged by two rival speakers: opposition leader Juan Guaidó, backed by the international community, and dissident opposition lawmaker Luis Parra, supported by President Nicolás Maduro and Russia. As the political standoff continues in the coming months, the deepening of the economic and humanitarian crisis will exacerbate tensions with neighbouring Colombia.

Key points include:

• The latest political developments in Venezuela and their domestic implications