While previous reports have indicated that there was little interest in talking about a new nuclear deal with Iran, the withdrawal of the US from the existing deal appears to have changed things. Now, Russia, China, and the European Union are to hold talks on a major revision of the deal later this week.

This new deal would keep Iran’s requirements the same as the existing deal, but would increase the incentives guaranteed by the other powers. This is an attempt to keep Iran complying with the deal as the US ratchets up sanctions.

While the US was the one pushing for a “new” deal in the first place, the other nations have kept the US completely sidelined in these new talks. This is unsurprising, as many see the US trying to undermine any such deals.

The new deal is said to offer Iran billions of dollars in financial aid to make up for the US dishonoring the pact and withdrawing its own sanctions relief. The deal also aims to pledge international cooperation to prevent US sanctions being enforced internationally.