Citing a U.S. official familiar with negotiations, CNN reported that the resolution is created to accomplish six major goals: cap North Korea’s oil imports, ban textile exports, end additional overseas laborer contracts, suppress smuggling efforts, stop joint ventures with other nations and sanction designated North Korean government entities.
The textile ban is significant.
Along with settling for the compromise on oil, the USA unsuccessfully tried to get a travel ban and freezes on the assets of North Korean leader Kim Jong Un and Air Koryo, the North’s flagship airline.
North Korea recently announced it had tested its most powerful nuclear weapon yet and has continued to conduct missile tests, all in defiance of the global community.
North Korea was condemned globally for conducting its sixth nuclear test on Sept 3, which it said was of an advanced hydrogen bomb. John McCain on Sunday called for the United States to step up its presence around North Korea and make clear to its leader, Kim Jong Un, that aggressive acts would lead to the annihilation of his country.
Haley reiterated that the United States does not want war and said “North Korea has not yet passed the point of no return”.
Merkel has spoken to leaders including Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe about North Korea this week.
The North’s Foreign Ministry issued a statement Monday saying it is watching the United States’ moves closely and threatened it is “ready and willing” to respond with measures of its own.
Ambassador Han Tae Song also lashed out at the United States during a session of the U.N.’s Conference on Disarmament, saying North Korea denounces Washington’s “evil intention” and would “make sure the US pays a due price”.
“As the U.S.is focused on the crude oil aspect”. “But I’m not sure that they will really have much effect on the nuclear weapons and missile programs, given the priority that those initiatives must have for the DPRK leadership”.
Textiles were North Korea’s second-biggest export after coal and other minerals in 2016, totaling $752 million, according to data from the Korea Trade-Investment Promotion Agency.
DPRK stands for the North’s formal name, the Democratic People’s Republic of Korea.
“The North Korean regime is still getting some fuel supplies from China, which can keep its most essential operations functioning”, he said.
A resolution needs nine votes in favor and no vetoes by the United States, Britain, France, Russia or China to pass.
Russian Federation argues that sanctions aren’t working and President Vladimir Putin expressed concern last week that a total oil cutoff could hurt the North Korean people. It said the US would pay a heavy price if the sanctions proposed by Washington are adopted. “If it proves it can live in peace, the world will live in peace with it”, she told the Security Council after the council adopted the new sanctions.