As the 44th Vice President of the United States, Dan Quayle has conducted dozens of diplomatic trips, many aiming to help shape the post-Cold War Soviet Union. As a voter, Quayle voted for Donald Trump in three consecutive presidential elections. But when you put these two things together, the current view of the former vice president draws a pessimistic conclusion about the current posture in U.S.-Russian relations and the posture of Ukrainian war.
"We are not close to the end," Quayle, now chairman of Cerberus Global Investments, said Tuesday at the CNBC CEOs' Committee summit in Arizona. "Putin doesn't want to see this to conclude until he actually demolishes Ukraine."
Although Quayle is clear about Putin's thoughts, Trump's strategy makes him mysterious. "I don't understand Trump's affinity for Putin and why he doesn't need anything here," he said. "What he wants to do is a presidential trade... So, if you're a trader, what do you need? Leverage.
On the weekend, Trump released the truth social ahead of talks with Russian and Ukrainian leaders, “Hopefully this will be a productive day, a ceasefire will take place, a very violent war, a war that will never happen will never end,” in his customary, full approval of the comment. ”
After a two-hour call between Trump and Putin on Monday, the president said he hoped for a "bloody" end, but there was little sign of a breakthrough, even though Trump said Russia and Ukraine would negotiate directly on the ceasefire "immediately" on his social media platform. He also spoke with Ukrainian President Volodymyr Zelenskyy on Monday.
"Putin said he disagrees with the ceasefire, he just wants to speak," Quill told CNBC's Sara Eisen in an interview at the CEO's Committee summit. He said the lack of pressure has also undermined the policy alliance with the EU, and if Russia does not agree to the ceasefire, there will be secondary sanctions. "Putin said let's talk, Trump said yes, European leaders just pulled the carpet out from under them," Quill said, adding: "I don't think it's over anytime soon."
Quayle's view on the Russian script is that it has always been "demolished by Ukraine, time is by his side".
"Even if Putin's success on the battlefield isn't as successful as he would have hoped on the battlefield," Quill said. "He was very successful with Trump, adding that Putin's KGB background makes him and his circle well suited to know Trump's "weakness and vulnerability and how to deal with him."
File Photo: On June 28, 2019, U.S. President Donald Trump and Russian President Vladimir Putin held a bilateral meeting at the G20 Leaders Summit in Osaka, Japan.
Kevin Lamarque | Reuters
Although Quayle doesn't believe Trump finally realizes that Putin has no interest in a ceasefire, he can unilaterally "wash his hands", "Congress has something to say about it, and there is still bipartisan support for Ukraine, Quayle said: "Quayle said the president has put a huge pressure on three ways, and there can be pressure on three ways to change Putin's path.
Quill said that to end the war, the United States needs “a large amount of funds from Swiss banks, which Russia gave to Ukraine.”
Secondly, the United States needs to give Ukraine more weapons.
Third, secondary sanctions are needed on Russia.
"Suddenly, if you do these three things, Putin will come to the table," Quill said. "He comes to the table tomorrow."
But Quill thinks this won't happen. "It's not what he believes, he doesn't want to do anything substantial to put pressure or leverage on Putin," he said.
Russia's strategy confuses Quayle. He said, "I have no answer."
While he pointed out that Trump likes to say it is a "Biden war", he believes that the president has weakened the political impact of popularity if Trump lets Ukraine fall. "You inherited this war, but it's on your watch, if he left Ukraine altogether, I think he would, but he could have a big political cost."
"The American people don't like war, but they don't like losing war, and if he is seen as a loser, there will be a price to pay, so he needs to figure it out."
He added: "He wants peace. He doesn't like war, but he is so one-sided, and that's a problem."
While Trump warned Zelenskyy that he was risking World War III in their infamous Oval Office meeting, Quayle says the bigger risk is the current Trump strategy: "You really want to talk about who is risking (WWIII)? Just let Russia gobble up Ukraine, and then Poland, and then the Balkans, and then you are going to be talking about World War III."
Dan Quayle, chairman of Cerberus Global Investments, spoke during the CNBC CEO Committee event in Arizona on May 20, 2025.
Chris Coduto | CNBC
In the interview, Quill also seemed to be confused by Trump's tariff strategy. "You call this strategy?" he said in response to the framework of the question. "I don't think there is a strategy. It's so top-down. But it's either a madman theory, or a serious incompetence, or maybe somewhere between. … We have to wait and see. In the short term, I don't think there's a huge impact, but in the long term, capital expenditures are being delayed, supply chains are being delayed, supply chains are being destroyed.
In China, he said the trade volume between the two countries is $600 billion, and there is no complete coupling between the two countries, but as part of the long-term plan, the company is leaving China as much as possible and it is feasible in this regard. He said the Trump administration does realize that a bigger problem is how to "prevent a hot war between the United States and China, not tomorrow or next month or two years later, but on the road."
Quayle added that despite Trump's recent "success" in travel to the Middle East, and the deal's victory over the United States was a victory against China's growing influence in affluent, geopolitical sensitive regions, his attitude towards Russia and Putin was of no help. Even though the former vice president did not believe that there was any recent threat to China's full invasion of Taiwan, some smaller, relatively small islands could become closer islands in mainland China. "Because of Taiwan, China is watching Ukraine carefully," he said.
Quayle said: "Looking at the situation in Ukraine and how Russia avoids these sanctions, Russia is doing well. China is observing.