The Peter Zeihan Podcast Series Venezuela’s End: Was a Deal Struck? || Peter Zeihan
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Jan 15, 2026 Speculation arises around a potential U.S. deal with Russia or China regarding Venezuela, but clarity is needed. Peter argues that neither Russia nor China can provide meaningful concessions. He highlights Russia's limited military reach and minimal investments in Venezuela. China's focus on investment over military influence lacks the naval power for control. The U.S. Navy's dominance allows for uninterrupted maritime operations, but recent U.S. actions may signal a shift in support. Ultimately, Peter concludes that the U.S. has the autonomy to dismantle Chinese influence alone.
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No Backroom Deal Over Venezuela
- The United States did not strike a bargain with Russia or China over Venezuela, Taiwan, or Ukraine.
- Peter Zeihan argues neither Russia nor China can offer meaningful security concessions outside their near abroad.
Russia Can't Trade Strategic Leverage
- Russia lacks the power projection to trade strategic outcomes in the Western Hemisphere.
- Zeihan notes Russia's military is committed to Ukraine and cannot meaningfully operate far beyond its borders.
Russian Investments Offered Little Value
- Russian investments in Venezuela were limited and yielded declining returns.
- Zeihan explains Russia mainly covered expenses while others, like Chevron, did the operational work and profits vanished.