New UN sanctions on North Korea: what do they mean?

N Korea hackers 'suspected of stealing bitcoins'

"The forthcoming measures by DPRK (North Korea) will make the USA suffer the greatest pain it has ever experienced in its history", he told a disarmament conference in the Swiss city. But the Security Council eased off the biggest target of all: the oil the North needs to stay alive, and to fuel its million-man military.

USA allies in Asia such as Japan and South Korea commended the move of the United Nations Security Council on Monday to unanimously approve a resolution that would impose new sanctions on North Korea in an effort to end the country's ballistic missile and nuclear weapon development efforts, Reuters reported Monday.

- bans textile exports from North Korea and any country to issue new work permits to North Korean workers.

The measures were approved unanimously Monday.

The number restricts exports to North Korea to around half their current level - a similar approach to the cap on coal exports in UNSC Resolution 2321, which was adopted in November 2016 in response to the North's fifth nuclear test. Member countries were also required to report their monthly volumes of crude oil and other exports to North Korea to the United Nations sanctions committee.

That could be a significant restriction. United States administration did not agree to this proposal.

In supporting a watered-down version of North Korea sanctions, China and Russian Federation had a stern warning for the U.S.: Don't try to overthrow Kim Jong Un's regime.

"The Chinese side hopes that this resolution will be implemented comprehensively and completely", Chinese Foreign Ministry spokesperson Geng Shuang said, according to the official news agency Xinhua. "But I'm not sure that they will really have much effect on the nuclear weapons and missile programs, given the priority that those initiatives must have for the DPRK leadership".

Han added that the DPRK is "ready to use a form of ultimate means" adding 'the forthcoming measures by DPRK will make the US suffer the greatest pain it ever experienced in its history'.

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. President Donald Trump threatened that the United States will rain "fire and fury" upon North Korea if it is to attack.

There have been signs, including reduced supply and skyrocketing prices, that North Korea has already started diverting oil products away from gas stations and other consumer outlets. An editorial by Xinhua also said, however, that the likelihood that Pyongyang will give in to the punitive measures is "tragically low".

The watered-down resolution does not include sanctions the United States wanted on North Korea's national airline and the army, but USA ambassador Nikki Haley told the council after the vote: "These are by far the strongest measures ever imposed on North Korea".

Biswas noted, however, that the situation with China remains both crucial and complicated.

"The investigation has concluded that North Korea was the destination" of the diesel, the Justice Department notes.

One metric ton is roughly equal to roughly seven barrels of crude oil.

Professor Joseph DeThomas of Pennsylvania State University, a former USA ambassador and State Department official who dealt with North Korea, told The Associated Press on Friday that the US demand for quick council action was "an indicator of how the administration thinks time has run out".

But what Washington failed to get was equally telling.

The sanctions were not the toughest-ever measures sought by the administration of US President Donald Trump that had vowed to ban all oil imports and freeze worldwide assets of the government and its leader, Kim Jong-Un. 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 USA dollars.

The move comes in the wake of the North's sixth and most powerful nuclear detonation test on September 3.

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