"Yugoslavia accepts the document for peace brought by the highest representatives of the European Union and Russia, " the official Tanjug news agency said Thursday.
Yugoslavia's state-run Tanjug news agency said the plane was downed at 1900 local time (1700GMT) near the village of Budjanovci, 30 miles north west of Belgrade.
Although the children's lives were not at immediate risk, doctors said they were considering transferring the children to a specialised clinic in Belgrade because of the danger of their wounds deteriorating, Tanjug news agency reported.