Details of the agreement have not yet been released, but Nigel Dodds, the deputy leader of the Northern Irish Democratic Unionist Party told Reuters, "The trick will be for Theresa May, can she satisfy everyone?"
Additionally, former Foreign Secretary Boris Johnson said that he hoped that the Cabinet and the Parliament would block the deal. In response to the leaked information, British Lawmaker Rees-Mogg said PM May's deal failed to meet the promises of the conservative manifesto and added that he would vote against it.
And Mr Russell was clear that while the Scottish Government still opposed the "chaos" of leaving the European Union, he added: "If Brexit is to happen, we have always said that co-operation between governments is clearly the right and best way both to ready our statute books and to agree common United Kingdom frameworks, where these are in Scotland's interests".
Major British food manufacturer Premier Food told France 24 that it is preparing for any trading chaos that might arise if no deal is reached.
A deal has been reached by negotiators in Brussels and go before a crunch Cabinet meeting tomorrow.
Negotiations are continuing this week, but officials are warning unless there is dramatic progress by the end of Wednesday there is unlikely to be a summit this month to approve a Brexit deal.
The pound surged on the news, rising by 1 percent against the dollar and 0.5 percent against the euro compared to late Monday.
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European Union officials have consistently said that striking a deal is not like picking from an "a la carte menu" for May and her team and the United Kingdom either needs to accept all the unified conditions that come with European Union, such as allowing the freedom of movement of people if they want favourable trading conditions at a fee (like Norway).
If there is no final agreement soon, United Kingdom businesses will have to start implementing contingency plans for a "no-deal" Brexit - steps that could include cutting jobs, stockpiling goods and relocating production and services outside Britain.
Cable said May will fail to get the deal approved by parliament.
The backstop has been proposed as a way of maintaining a soft border between Ireland and Northern Ireland.
Its key issues include the future rights of British expats living on the continent, customs arrangements and avoiding the contentious "hard" border that risks undermining the Northern Irish peace process.
The British government supplied no immediate details on the Brexit deal text, which runs to hundreds of pages.
The backstop will take the form of a temporary UK-wide customs agreement, with specific provisions for Northern Ireland which are more in dept regarding customs and single market rules alignment than for the rest of Britain.
It would include a review mechanism to bridge between European Union demands that the insurance policy is permanently available and Britain's request to avoid being held in a customs alliance with the bloc perpetually.