Russia might face tougher sanctions over MH17 crash

Russia might face tougher economic sanctions over Malaysian flight MH-17 that crashed near Ukraine-Rebels conflict zone, which was allegedly shot down by Russian backed Ukrainian rebels using missiles supplied by Russia. Russia has denied any involvement in the matter and accused United States and Ukraine of conspiracy. Rebels have denied charges and accusing Ukrainian government forces responsible for the crash. 298 people were killed in the incident, many belonging to Netherlands.

Today, for the first time investigating Dutch officials have indicted possible Russian link to the crash as some of the fragments of the missile indicating Russian manufacturing.

As of now, there hasn't been any official conclusion to the matter, nevertheless Russia might face tougher sanctions if proven responsible for supplying missiles to Ukrainian rebels.

Russian Rouble, which is second round of rout over oil crash might face further headwinds over sanctions.

Dollar is up 2.6% against Rouble today, trading at 64.3.