By Malcolm Moore in Shanghai
Published: 10:23AM BST 10 Jun 2009
"We have certain information on the type and characteristics of the rocket. However there is no precise information on the timing of its launch," said a source in Russia's General Staff. He added that Russia would monitor the launch.
He did not specify if it would be a long or short-range missile. In the past week, South Korean and American intelligence have identified a missile being moved to the Musudan launch pad, one of North Korea's most commonly-used sites.
Yonhap, the South Korean news agency, said a missile capable of hitting the West coast of the United States could be launched in mid-June.
A second source, this time at the Russian Foreign ministry, told ITAR-TASS that "judging by everything, a launch will take place. There are signs that preparations for this are under way."
Tensions on the Korean peninsula have been high since the North tested a nuclear bomb on May 25. The United Nations Security Council is still debating what action to take over the test, which contravened a UN resolution.
The US has been moving more aggressively, and is considering levying its own financial sanctions on the rogue state. South Korea has passed information to the US about as many as 20 North Korean bank accounts which are used for moving money.
In 2005, the US imposed financial restrictions on Banco Delta Asia, a bank in the Chinese territory of Macau, over allegations of money laundering and other financial crimes involving North Korea. The move effectively cut the North off from the global financial system.
Separately, South Korea's Finance ministry has imposed sanctions on three North Korean companies for helping the country's April 5 long-range rocket test. The move was largely symbolic because the companies don't do business with South Korea.
Russia says North Korea to launch new ballistic missile - Telegraph