In this context, “new Yalta” is more in reference to the carving up of “spheres of influence” by the big players, without the little players (the ones being carved up) having a seat at the table.
The right in ascendancy treats Yalta like a movement by the Roosevelt left to give Stalin concessions in a New World Order. That’s the phrase they want promoted. In particular, the UN and adjacent developments stem from a small number of great men. So, the right is happy about a new Yalta between Musk, Trump, and Putin.
Or is it Putin, Trump and Xi? That’s how I see it: Trump has hinted that the Panama Canal and Greenland are for sale. So the left way of looking at a New Yalta reflect multipolar colonial ambitions.
In this context, “new Yalta” is more in reference to the carving up of “spheres of influence” by the big players, without the little players (the ones being carved up) having a seat at the table.