UN Security Council Approves New North Korea Sanctions

In this Wednesday, Nov. 30, 2016 photo provided by the United Nations, the Security Council votes at U.N. headquarters to further tighten sanctions on North Korea in response to their fifth and largest nuclear test yet.

UN Security Council resolution 2321, passed on Wednesday, caps the North's annual coal exports at little more than four months of current sales to China, Chinese government data shows.

Photo taken on November 30, 2016 shows the United Nations Security Council voting on resolution in response to Democratic People's Republic of Korea's (DPRK) fifth nuclear test, at the UN headquarters in NY, the United States. But the resolution "imposes unprecedented costs on the DPRK regime for defying this Council's demands", she added.

The United States condemned the DPRK's September 9 nuclear test, and reaffirmed the DPRK's obligations not to conduct any further nuclear tests or launches that use ballistic missile technology, to abandon all nuclear weapons and existing nuclear programs in a complete, verifiable and irreversible manner, to suspend all activities related to its ballistic missile program, and to abandon all other WMD programs.

But U.S. officials acknowledged the latest resolution is unlikely to act as an immediate brake on Pyongyang's nuclear ambitions, which have continued to grow despite United Nations sanctions resolutions dating to 2006.

Rycroft told CBS News that the new resolution imposes the strongest sanctions that the Security Council has ever imposed. But President-elect Donald Trump's erratic comments have made it hard to predict the incoming administration's North Korea policy - much less its wider plans for diplomacy.

The nuclear explosion that took place in September caused a 5.3 magnitude natural disaster occurred in South Korea and has now been recorded as their fifth and largest test, bigger than those used to bomb Hiroshima. It also places a ban on the supply, sale or transfer from the DPRK of statues, which has proven to be a lucrative source of hard currency needed by the regime.

North Korea's coal exports have increased from $200 million or less in 2007 to at least $1 billion since 2011, according to a USA diplomatic source.

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The Security Council also blacklisted 11 individuals and 10 entities, including people who have been ambassadors to Egypt and Myanmar, subjecting them to a travel ban and asset freeze for their role in the North Korea's missile programmes.

Geng repeated a call for a return to talks, and also said all sides should avoid doing anything to worsen the situation.

China's ambassador to the U.N., Liu Jieyi, said the resolution shows the unity among the global community against the DPRK's nuclear missile program, but reiterated Beijing's objections to the USA deployment of its THAAD missile system in the Republic of Korea.

How will the new United Nations sanctions on the DPRK's oil impact the country?

North Korea is already the most heavily sanctioned country in the world, but repeated world action has done little to stop its nuclear and ballistic missile ambitions.

Ban said the Council had to meet on nine occasions this year in response to the isolated autocratic nation's nuclear escalations.

"Right now, in Korea as well in the US, there's a transitional period, and I think North Korea is adopting a wait-and-see attitude", Kim said.

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