Faced with growing separatism, Gorbachev sought to restructure the Soviet Union into a less centralized state. On August 20, 1991, the Russian SFSR was scheduled to sign a New Union Treaty that would have converted the Soviet Union into a federation of independent republics with a common president, foreign policy and military. It was strongly supported by the Central Asian republics, which needed the economic advantages of a common market to prosper. However, it would have meant some degree of continued Communist Party control over economic and social life.
What would have maintained power if the treaty was signed?
Communist Party