Korea says will fully reject new United Nations resolution on sanctions

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Under the Security Council resolution, oil imports of both refined and crude oil will be capped at 8.5 million barrels a year, which the USA official said represents a 30 percent cut.

"Yesterday the Washington regime fabricated the most vicious sanctions resolution", Pyongyang's ambassador in Geneva told the UN Conference on Disarmament in the first North Korean reaction to Monday's unanimous vote.

"We are now not reviewing the issue of tactical nuclear weapons", she said Monday during a press conference at the Seoul Foreign Correspondents' Club. And the State Department has said that it's going to take time for any of these sanctions to have the effect that the US wants, which is to pressure North Korea back to negotiations.

The textile ban is significant.

"We think it's just another very small step - not a big deal", Trump said of the sanctions agreed.

As for North Koreans working overseas, the United States mission said a cutoff on new work permits will eventually cost North Korea about $500 million a year once current work permits expire.

"They will eat grass but they will not turn away from the path that will provide for their security", he said of North Koreans last week.

The original United States draft would have ordered all countries to impose an asset freeze and travel ban on Kim Jong Un and four other top party and government officials.

DPRK stands for North Korea's formal name, the Democratic People's Republic of Korea. He has now visited North Korea 32 times as part of his "sports exchanges" between Japan and North Korea, which have no formal diplomatic ties.

Japanese Prime Minister Shinzo Abe quickly welcomed the resolution and warned after the vote it was important to change North Korea's policy by imposing a higher level of pressure.

Britain's United Nations ambassador, Matthew Rycroft, said "maximum possible pressure" should be placed on North Korea and offered support for the U.S. proposals.

Russian Federation had condemned the idea of tightening sanctions on North Korea without any political push to resolve the crisis.

North Korea carefully stages propaganda meet-and-greets for Kim in the repressed kingdom.

Countries also can tighten restrictions down the road, now that oil is finally on the table.

"We can designate Chinese banks and companies unilaterally, giving them a choice between doing business with North Korea or the United States", said Royce, who had breakfast on Tuesday with Secretary of State Rex Tillerson.

"We have taken an incremental approach, and despite the best of intentions, it has not worked", Haley said.

But for all of Pyongyang's fury at the prospect of new sanctions, the US -backed draft has been watered down significantly to meet Chinese and Russian demands.

The sanctions reduce the amount of oil that can be sold to North Korea by 30 percent and put in place a full ban on textiles, which cuts off $800 million in revenue for the reclusive country.