North Korea lashes out over 'vicious' United Nations sanctions

North Korea warns US will pay due price for spearheading U.N. sanctions

North Korea warns US will pay due price for spearheading U.N. sanctions

This week, the UN Security Council unanimously approved fresh, tighter sanctions on Pyongyang, following its alarming missile and nuclear tests, that would deprive the Hermit Kingdom of about $1.3 bn ($985m) in annual revenues.

The resolution bans the regime from importing all natural gas liquids and condensates, and caps Pyongyang's imports of crude oil at the level of the last 12 months. Additionally, other countries now can not issue work permits to North Korean labourers and firms can not indulge in joint ventures with the nation either.

The original USA 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.

US Ambassador Nikki Haley welcomed the sanctions and said that this was a message to the recluse nation that "the world will never accept a nuclear-armed North Korea".

Almost 80 percent of its textile exports went to China.

Kim Hyun-Wook of Seoul's Korea National Diplomatic Academy, predicted: "The sanctions will only provide North Korea with an excuse for further provocations, such as an ICBM launch". Monday's resolution added just Workers' Party of Korea Central Military Commission member Pak Yong Sik, the Central Military Commission of the Workers' Party of Korea, the party's Organization and Guidance Department and its Propaganda and Agitation Department to the sanctions list.

In the wake of what Pyongyang claimed was the detonation September 3 of a hydrogen bomb that could be delivered on a missile capable of reaching the United States, Royce told columnist Josh Rogin, "I believe we have to come in full throttle with cutting off institutions, primarily financial institutions domiciled in China".

North Korea has been public about its most recent nuclear test, but has been less transparent about the scope of its nuclear facilities.

Before the draft resolution was put to a vote Monday, China and the US reportedly renegotiated the document, softening the blow in certain places. The North Korean regime has not yet passed the point of no-return", Haley told the council, adding: "If North Korea continues its unsafe path, we will continue with further pressure.

Peru stressed that it was committed to a peaceful solution to the dispute and "strict compliance" with resolutions passed by the United Nations Security Council.

'We call on all countries to vigorously implement these new sanctions and all other existing sanctions'.

Royce's committee has written a letter to the Trump administration listing large Chinese entities ripe for sanctions, including the Chinese Agricultural Bank and the China Merchant Bank, Rogin wrote.

Sustaining a tough tone in the face of North Korea's missile and nuclear weapons tests, Trump indicated that he would continue to press for sanctions created to make the regime recalculate its strategy.

North Korean hackers have mounted attacks on at least three South Korean cryptocurrency exchanges since May, security researcher FireEye said in a report Monday. It retains language reaffirming support for long-stalled six-party talks with that goal involving North Korea, the U.S., Russia, China, Japan and South Korea.

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