China Welcomes New UN Resolution on N. Korea

China Welcomes New UN Resolution on N. Korea

Despite reservations, both nations backed Monday's resolution.

"Because of uneven, and sometimes nonexistent, worldwide implementation, North Korea shrugs off the practical impact of many restrictions, and is still exporting prohibited goods such as weapons, minerals, and statues", Billingslea said. That's all in violation of past United Nations resolutions. But the Trump administration is demanding a vote in six days.

MICHELE KELEMEN, BYLINE: Hi, Kelly. The British ambassador pointed out that this is going to take time for sanctions to have a real impact.

That resolution, according to several media outlets that obtained a copy, included a total ban on oil and natural gas exports, an asset freeze and travel ban against Kim Jong Un, and a measure that would allow navies to forcibly board North Korean ships suspected of evading the sanctions regime. "It remains on the table at the Security Council and we will insist on it being considered", Russian UN Ambassador Vassily Nebenzia told the Security Council. Over the weekend, there were negotiations.

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.

MCEVERS: Oh, OK. So what's left in this draft then?

The measures contained in the resolution are estimated to diminish North Korea's export earnings by as much as Dollars $1.3 billion. It is an important demonstration of worldwide unity around the basic principle that countries should not be provocatively testing nuclear weapons.

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He said the North's access to hard currency was its "Achilles heel".

Those measures introduced a complete ban on coal and iron exports, blocked global sales of North Korean lead ore and seafood, and imposed travel bans and asset freezes on individuals and companies.

MCEVERS: The big question now is, how will this resolution be implemented?

KELEMEN: I think it's likely to go through. The alternative is a divided Security Council, and that would sharply restrict the kinds of diplomatic initiatives that could be pursued to mitigate this crisis. Those were his words.

North Korea conducted its sixth and most powerful nuclear test just over a week ago and Washington and its allies want harsh new restrictions placed on Pyongyang.

MCEVERS: Does that mean the U.S.is the outlier here? On Twitter, he's been pretty adamant about that. Secretary of State Rex Tillerson is certainly keeping the door open to diplomacy, but he's focused on this sanctions track for now - the pressure side - so that if talks eventually get going, the USA will go into it with some more leverage. He's been focused for now on this pressure track - on these sanctions, resolutions and everything, but he's, you know, keeping the door open.

It bars countries from issuing new work permits to North Korean labourers sent overseas - there are some 93,000, providing Kim's regime with a source of revenue to develop its missile and nuclear programmes, according to a United States official familiar with the negotiations.

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