After US compromise, UN Security Council strengthens North Korea sanctions

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The UN Security Council on Monday unanimously adopted new sanctions against North Korea following its sixth nuclear test, imposing a cap on exports of crude oil to the country, though it fell short of a complete ban. 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.

Should the sanctions resolution pass, it said, Pyongyang's forthcoming measures "will cause the US the greatest pain and suffering it had ever gone through in its entire history".

"We will never forget the lesson that those who have evil intentions must be confronted."

"We are done trying to prod the regime to do the right thing, we are now trying to stop it from having the ability to do the wrong thing", she added.

"(They discussed) a firm and united reaction towards North Korea's repeated provocations as it is a threat to world peace and security", the Elysee Palace told CNN.

The text was agreed to after final negotiations between the US and China, the North's ally and major trading partner.

After its late-August missile launch over USA ally Japan, President Donald Trump said "all options are on the table" when it comes to any response.

The latest draft removes a call for a full oil embargo on the country and omits the freezing of assets and a call for a travel ban for North Korean leader, Kim Jong Un. China supplies most of North Korea's crude.

"However, she said the USA was not looking for war with North Korea and that Pyongyang had not yet passed the point of no return". Almost 80 percent of the textile exports went to China. For example, North Korea's accelerated drive for nuclear weapons raises the question of whether and for how long South Korea and even Japan will remain non-nuclear.

The textile ban is significant.

A spokesman for the North Korean foreign ministry issued a similar statement through the official Korean Central News Agency, claiming Pyongyang is "ready to destroy" and employ other "last resort methods".

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The debates here, now before the Supreme Court, have centered around what constitutes such a "bona fide relationship". The appellate ruling could take effect as soon as Tuesday and could apply to up to 24,000 refugees.

North Korean textile exports in 2016 totaled $752.5 million, accounting for about one-fourth of its total $3 billion in merchandise exports, according to South Korean government figures.

Washington told the UN Security Council on Friday to call a meeting on Monday to vote on a draft resolution establishing additional sanctions on North Korea for its missile and nuclear programme.

Even with USA military support behind South Korea, a quick strike by the North Koreans across the 38th parallel border set between the two nations after the Korean War would be a humanitarian disaster. But FireEye points out that hackers can swap them into other, more anonymous cryptocurrencies - or move them elsewhere and eventually withdraw them in traditional currencies like South Korean won or US dollars.

"The only conceivable solution is a peaceful and diplomatic one".

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. "Unless we firmly apply pressure, North Korea will not change its direction".

Pyongyang warned the United States on Monday that it would pay a "due price" for spearheading efforts on UN sanctions.

Still, North Korea denounced efforts by Washington to impose new United Nations -backed sanctions against the country.

However, the restrictive measures failed to prevent North Korea from conducting further tests.

US Treasury Secretary Mnuchin on Tuesday said China may face sanctions limiting its access to the US financial system if Beijing does not comply with the sanctions.

China and Russian Federation had called for a resolution focused on a political solution to the escalating crisis over North Koreas nuclear program.

In the wake of the country's sixth nuclear test, North Korea announced that it had successfully tested a hydrogen bomb for its new ICBM, which can effectively strike parts, if not most, of the continental U.S. While it is hard to know for certain, it would appear that the North is "locked and loaded" for intercontinental strikes if it needed to do so.

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