Sun, Mar 07, 2010 - Page 6 News List

Sanctions draft targets Iranian banks

BLOCKING OPTIONSA UN proposal seeks restrictions on new Iranian banks abroad, hampering Tehran’s efforts to skirt sanctions on existing banks by setting up new ones

AFP AND REUTERS , LONDON AND UNITED NATIONS

However, Jane’s said it had observed a new launch pad 4km northeast of the existing Semnan site on a satellite image dated Feb. 6.

The site could ultimately launch Tehran’s next-generation Simorgh rocket, it said.

Jane’s said that using satellite photographs taken on Feb. 11, as Iran celebrated the Islamic revolution’s 31st birthday, it had identified the Simorgh and Safir-2 rockets displayed in Tehran’s Azadi Square.

The respected information group concluded that Iran appears to be forging ahead with developing its missile and rocket capabilities despite US-led diplomatic pressure.

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