LONDON (AP) — The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia.

The crash of the jetliner, which cost the lives of all 298 on board, has fueled concerns of a downward spiral in political and economic ties between the 28-country EU and Russia. EU foreign ministers at a meeting in Brussels agreed to extend the current list of sanctions on Russian individuals and said they may yet penalize economic ties.