New sanctions fall short of total embargo on oil

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The United Nations security council imposed new sanctions on North Korea last night but the United States failed to convince China and Russian Federation to back tough punishments that would have included freezing Kim Jong-un's personal assets.

The new resolution bans the exports of textiles from North Korea and imposes an embargo on gas condensate deliveries to the country.

A 2013 U.N. Security Council resolution stipulates that member states must curb financial services or transactions that could subsidise North Korea's nuclear programs.

"The choice is theirs", she added.

Critics of a sanctions only approach say North Korea will not unilaterally disarm, no matter the amount of pressure applied, and that significant incentives and compromises must be offered to peacefully resolve the nuclear stand-off.

In Pyongyang Tuesday, North Korean officials warned increased pressure from the U.S. could mean Washington faces "a very strong response, with unbearable consequences".

"This is a text designed for adoption", one source told the Guardian.

UNITED NATIONS - The United Nations Security Council on Monday ratcheted up sanctions yet again against North Korea, but they fell significantly short of the far-reaching penalties that the Trump administration had demanded just days ago.

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.

He also opposed the deployment of the Terminal High Altitude Area Defence (THADD) anti-missile system by the US in South Korea asserting that it undermined the security of China and other countries in the region.

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A television news screen in Seoul shows North Korea's Kim Jong-Un receiving a briefing.

So co-operating with the latest round of strengthened sanctions is China's way of signalling its displeasure with what it sees as Pyongyang's reckless pursuit of nuclear and missile programmes.

However, North Korea has rejected the sanctions.

"It is up to the worldwide community to see that these resolutions are implemented", he warned.

China's Foreign Ministry has said that it would support new United Nations measures as long as it promotes a political resolution.

The resolution, though considered a watered-down version of the US draft, will reduce oil provided to North Korea by around 30 percent, according to the USA mission to the United Nations, and cut off over 55 percent of refined petroleum products going to the country.

South Korea's presidential Blue House said the only way for Pyongyang to end diplomatic isolation and become free of further economic pressure was to end it nuclear programme and resume dialogue. And there's also a ban on new work permits for North Korean workers. After the turn of the century, Iran admitted to purchasing North Korean missiles, but announced that it no longer needed assistance.

US Ambassador Nikki Haley said the tough new measures were a message to Pyongyang that "the world will never accept a nuclear-armed North Korea", but she also held out the prospect of a peaceful resolution to the crisis. The United States has assured to not want regime change, it is hard to directly target Kim Jong-un, has pleaded Moscow, according to a diplomatic source.

His committee also wrote a letter to the administration listing large Chinese entities ripe for sanctions, including the Chinese Agricultural Bank and the China Merchant Bank.

"It seems that the United States and China, in particular, have reached a compromise in which the former wants to take tougher action against the North and the latter wants to avoid steps that could destabilize its ally", said Kim Keun-sik, a professor at Kyungnam University.