The New Union Treaty (Russian: Новый союзный договор, romanized: Novyy soyuznyy dogovor) was a draft treaty that would have replaced the 1922 Treaty on the Creation of the USSR to salvage and reform the Soviet Union. A ceremony of the Russian SFSR signing the treaty was scheduled for August 20, 1991, but was prevented by the August Coup a day earlier. The preparation of this treaty was known as the Novo-Ogarevo process (новоогаревский процесс), named after Novo-Ogaryovo, a governmental estate where the work on the document was carried out and where Soviet President and CPSU General Secretary Mikhail Gorbachev talked with leaders of Union republics.
it would have been a shadow, but better than nothing
What would this country be called?
Most likely Union of Soviet Sovereign Republics