Russia has been warned sanctions will be ramped up if the truce to end the Ukraine conflict is not fully implemented.
The ceasefire is due to come into force on Sunday following 16-hour talks between Russia, Ukraine, France and Germany.
Previous ceasefires have failed to hold and German Chancellor Angela Merkel described the agreement as "a glimmer of hope - no more, no less".
Russia is already enduring financial and diplomatic sanctions for its alleged role in helping separatists who control parts of eastern Ukraine.
And Mrs Merkel warned: "We hold open the possibility, if these new agreements are not implemented, that we must take further measures."
EU officials have been asked to prepare extra sanctions in case the ceasefire collapses, Mrs Merkel added.
European Council President Donald Tusk said previously agreed sanctions against 19 Russian and Ukrainian individuals and nine entities would still come into force next week.
"Our trust in the goodwill of (Russian) President Putin is limited, this is why we have to maintain our decision on sanctions," he said.
The terms of the ceasefire include a withdrawal of heavy weapons, Ukraine taking control of its Russian border, the granting of special status to rebel regions and addressing the humanitarian crisis created by the 10-month conflict.
Ukrainian President Petro Poroshenko admitted to having doubts.
"It was very difficult negotiation and we expect a not easy implementation process," he said.
Soon after the ceasefire was announced, Kiev complained of a new mass influx of Russian armour into rebel-held areas.
The US labelled the agreement, which was brokered in Belarus, as "potentially significant", but also expressed concern about the situation on the ground.
"The United States is particularly concerned about the escalation of fighting today, which is inconsistent with the spirit of the accord," the White House said in a statement.
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Gallery: Ukraine Crisis: Fighting Increases (February 11)
Local residents look at the remains of a rocket shell on a street in the town of Kramatorsk, eastern Ukraine
Seven civilians have been killed and 26 wounded in rocket strikes on the town of Kramatorsk
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