UBS On-Air: Market Moves Washington Weekly Podcast: Russia-Ukraine, Venezuela, Congressional agenda
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Dec 2, 2025 Shane Lieberman, Senior Governmental Affairs Advisor at UBS, shares his expertise on critical geopolitical issues. He discusses the latest peace efforts in the Russia-Ukraine conflict, including a new peace plan and troop caps. Shane also delves into escalating U.S.-Venezuela tensions and narco-terrorism. As Congress prepares for year-end priorities, he highlights funding deadlines, health care subsidy debates, and the expected passage of the National Defense Authorization Act amidst rising affordability concerns.
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Private Envoys Are Driving Talks
- Special envoys, including Steve Witkoff, are engaging both Moscow and Kyiv as talks continue and details may change.
- Shane says talks are a small positive sign but not yet a completed peace agreement.
Outline Of The 28-Point Peace Plan
- The Trump administration shared a 28-point peace plan offering Ukraine sovereignty with limits like a 600,000 troop cap.
- The plan includes ceding contested regions to Russia and using $100 billion of frozen Russian assets to rebuild Ukraine.
High Tensions But No Direct Strike
- Trump's call with Maduro and statements about closed Venezuelan airspace increased uncertainty, but no U.S. bombing occurred on Venezuelan soil.
- Shane describes the situation as fluid with tensions likely to remain high for days or weeks.