"This resolution will curtail gas, petrol and oil imports".
When these new stronger sanctions are added to those passed last month, over 90 per cent of North Korea's publicly reported exports are now fully banned.
"This is a compromise in order to get everybody on board", French U.N. Ambassador Francois Delattre said of the draft.
He also thanked him for Australia's co-operation regarding efforts to ensure tougher sanctions through the security council resolution.
Textile exports North Korea's largest economic sector that the Security Council had not previously restricted earned North Korea an average of United States dollars 760 million in the past three years.
However, few diplomats or observers believed the punitive measures alone would force Kim Jong-un's regime to stop its nuclear and missile tests.
On Sunday, North Korea sent shock waves across the world by detonating a hydrogen bomb, which was its sixth and the biggest nuclear test to date.
That would amount to a 10 percent cut in oil products, according to the US Energy Information Administration (EIA), which estimates annual exports to North Korea at almost 2.2 million barrels.
NIKKI HALEY: Today we are saying the world will never accept a nuclear-armed North Korea.
The sanctions also ban all textile exports and prohibit all countries from authorizing new work permits for North Korean workers, both of which are sources of hard currency for the regime.
By imposing tougher restrictions, Abe said, "the global community has made clear its will that North Korea must change its behavior".
China's Permanent Representative Liu Jieyi said that the U.S. must consider what he called the legitimate concerns of all parties and make it a part of its policy towards the region to not seek regime change in Pyongyang or a collapse of the country or an accelerated pace of reunification of the two Koreas.
Russian Federation and China are pushing for talks with North Korea, but their proposal for a freeze on Pyongyang's missile and nuclear tests in exchange for suspending US-South Korean military drills has been rejected by the United States.
Chinese Foreign Minister Wang Yi said his country agreed on the need for additional Security Council action but at the same time urged "dialogue and consultation".
The Pyongyang regime threatened retribution against Washington for any new sanctions measure threatening to inflict "the greatest pain and suffering" the U.S. has ever encountered.
The final resolution contains reduced sanctions on oil and no longer proposes blacklisting the North Korean leader, a copy obtained by Reuters news agency shows.
But Kang added both the United States and South Korea believed in following a policy of "responding firmly (to) provocations through tough sanctions while leaving the door open for dialogue". But the report said the impact would likely be blunted on the military, which probably has enough fuel stockpiled to continue normal operations for the immediate future.
The measures restrict oil imports and ban textile exports.