The European Union urges to start the negotiations on trade with UK as soon as possible, said European Commission president Jean-Claude Juncker in Brussels before the second day of the EU summit, the Financial Times reported.

EU should establish a formal arrangement on Britain’s withdrawal from the EU, which will be submitted to the European Parliament, after which EU leaders will begin negotiations on the future of UK-EU relations.

According to Financial Times, the European Union has toughened its position on Brexit, making clear that talks on a future EU-UK relationship will not begin until March. EU representatives were irritated by the UK's Brexit minister David Davis's comments, who described the agreement as “a statement of intent” rather than a legally-binding document.

The British Prime Minister Theresa May said that London would pay the European Union 39 billion pounds ($52 billion) on reaching a free-trade agreement.