UN Security Council unanimously approves new sanctions on North Korea

UN Security Council unanimously approves new sanctions on North Korea

UN Security Council unanimously approves new sanctions on North Korea

North Korea warned the United States it will face the "greatest pain" after the U.N. Security Council unanimously adopted new sanctions to punish it for conducting a sixth nuclear test.

The hearing came a day after the U.N. Security Council imposed its latest sanctions over what North Korea says was a hydrogen bomb test September 3, its most powerful atomic test yet.

China's foreign ministry said on Tuesday (link in Chinese) that North Korea had "ignored worldwide opposition and once again conducted a nuclear test, severely violating UN Security Council resolutions". Exports of copper, nickel, silver, zinc and the sale of statues were also banned.

The U.S. and South Korea wanted a total oil embargo, but Russian Federation and China sided with North Korea because they can not allow the regime to collapse.

Last night's resolution was the ninth unanimously approved resolution since 2006 regarding North Korea.

Beijing does not publish statistics for crude oil shipments to the North, shrouding the issue in secrecy, but is believed to supply around 4 million barrels a year. It also bans North Korean exports of textiles, a $726 million industry, and phases out North Korea's overseas labor program, which sends 93,000 North Koreans abroad to work in near slave conditions and send their pay back to the regime.

Among the provisions that were in a draft proposal, but not the final resolution were a total oil embargo and a freeze on the assets of both North Korean leader Kim Jong Un and the national airline. It also called for a travel ban on the two siblings.

Nor does the resolution impose a travel ban or asset freeze on Kim, as the original USA draft had set out.

Under the measure, countries are authorized to inspect ships suspected of carrying banned North Korean cargo but must first seek the consent of the flag-state.

North Korea: Kim Jong-un praises nuclear test
Some 453,096 South Koreans and 32,461 North Koreans lived in Japan a year ago , according to government data. North Korea says it needs its weapons to protect itself from United States aggression.

"The forthcoming measures by DPRK [the Democratic Republic of Korea] will make the USA suffer the greatest pain it has ever experienced in its history", Pyongyang's ambassador in Geneva told the UN Conference on Disarmament in the first North Korean reaction to Monday's unanimous vote.

However, the recent test demonstrated that sanctions do not prove to be effective in this regard.

"This ban will eventually starve the regime of an additional $500 million or more in annual revenues".

The Moon Jae-in administration continues to deny that the matter is being considered since it would destroy any legitimacy Seoul has in seeking to denuclearize the Korean Peninsula.

Beijing and Moscow have urged the United States to suspend its joint military exercises with South Korea in exchange for a North Korea nuclear freeze, but the US representative to the U.N. dismissed the proposal as insulting.

A South Korean presidential office spokesman said on Tuesday: "North Korea needs to realise that a reckless challenge against global peace will only bring about even stronger sanctions against them". The new embargoes are incrementally tougher, but diplomacy meant they had to be comprised to an extent that they are very unlikely to change minds in Pyongyang.

Treasury Secretary Steven Mnuchin said at a conference hosted by CNBC on Tuesday that he would pursue sanctions against China if it does not adhere to the Security Council resolution.

South Korea's presidential office said on Tuesday the new U.N. sanctions send a united message that the worldwide community will never accept a North Korea as a nuclear state.

The Ministry added that the North Korean nuclear policy was "a serious and unacceptable threat to worldwide peace and security, as well as to the stability of northeast Asia and the world".

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