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There are quite a few rumors circulating about this, but not much in the way of fact:
Russia wants ‘100% proof’ N.Korea sunk ship
Pyongyang has denied any role in the sinking of the Cheonan, which went down in waters disputed by North and South Korea on March 26.
Beijing suspects false flag attack on South Korean corvette
Beijing, satisfied with North Korea’s Kim Jong Il’s claim of innocence after a hurried train trip from Pyongyang to Beijing, suspects the U.S. Navy’s role in the Cheonan’s sinking, with particular suspicion on the role of the Salvor.
Yes, I read in RIA Novosti, Russia’s main news agency, that Russia was sending experts to check South Korea’s claim of the torpedoing. Only if after verifying they will support South Korea’s claims in the UN Security Council.
North Korea is disputing the claim that it sunk the ship:
North Korea Warns UN to Be Wary of False Evidence of Sinking
May 29 (Bloomberg) — North Korea warned the United Nations to be wary of evidence that it said falsely accuses the country of torpedoing a South Korean warship, likening the case to the U.S.-led war against Iraq in 2003.