New sanctions fall short of total embargo on oil

Russia in new battle of wills with West over North Korea

Russia in new battle of wills with West over North Korea

Frustrated by Beijing's foot-dragging on reining in Pyongyang, the Trump administration has begun sanctioning Chinese banks and other entities over their failure to comply with existing U.N. Security Council sanctions resolutions on North Korea.

"The forthcoming measures to be taken by the DPRK will cause the USA the greatest pain and suffering it had ever gone through in its entire history", the ministry said, using the abbreviation for North Korea's formal name. "We are not looking for war".

Sen. John McCainJohn Sidney McCainThe Memo: GOP fears damage from Trump's move on DACA Rescue efforts underway after F-16 crashes in Arizona McCain, Whitehouse urge SCOTUS to affirm Wisconsin gerrymandering decision MORE (R-Ariz.) on Sunday warned North Korean leader Kim Jong Un that the price of aggression is "extinction".

"If it agrees to stop its nuclear program, it can reclaim its future".

"There are no easy answers when it comes to a state that is so willing to walk away from the worldwide order, that is so willing to violate UN Security Council resolutions", Senator Wong told reporters in Canberra on Tuesday.

North Korea's Ministry of Foreign Affairs released a strongly-worded statement toward the USA -penned sanctions on Monday. "The choice is theirs".

The U.S. proposed slashing projects employing North Korean workers overseas, but instead accepted sanctions aimed at gradually scaling them back.

During tough negotiations, the United States dropped initial demands for a full oil embargo and a freeze on the foreign assets of North Korean leader Kim Jong-Un.

The resolution instead bans textile exports, cuts off natural gas shipments to North Korea, places a ceiling on deliveries of refined oil products and caps crude oil shipments at their current level.

Additionally, the new measures will prevent overseas workers from earning wages that finance the North Korean regime - over $500 million each year - in addition to cutting off foreign investments, technology transfers and other economic cooperation, according to a statement from the United States mission to the UN.

If the North continues to develop its program, the US will have a case for war.

The resolution also requires those inspections to be done with the consent of the countries where the ships are registered, which opens the door to violations.

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Kim would be spared from a United Nations blacklist that would have hit him with an assets freeze and a travel ban and punished him directly for the country's military drive.

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".

The United States and its allies argue that tougher sanctions will pile pressure on Kim's regime to negotiate an end to its nuclear and missile tests.

China and Russian Federation are still pushing a "double freeze" proposal, saying that in return for a freeze on North Korean missile launches and nuclear tests, the USA should freeze "large-scale" military exercises with South Korea.

"Committed to this stance, China will participate in the discussion in the Security Council in a responsible and constructive manner".

Chinese Ambassador Liu Jieyi again called for talks "sooner rather than later".

With past North Korean issues, the United States normally conducted back-channel negotiations with China and began distributing a draft resolution to Security Council member states following an agreement between the United States and China, which are both permanent members of the council.

In significant changes from the complete ban on all oil imports in the original US text, the revised resolution would require all countries to cap crude oil imports to North Korea at the level they supplied, sold or transferred during the 12-month period before the resolution's adoption.

The resolution bans all North Korean textile exports.Textile exports North Korea's largest economic sector that the Security Council had not previously restricted earned North Korea an average of Dollars 760 million in the past three years.

Haley said the resolution aimed to hit "North Korea's ability to fuel and fund its weapons program".

China has made clear that it's against actions that could destabilize the Korean Peninsula.

"The Republican senator also said the Trump administration should continue to work with China to convince North Korea to "put the brakes on" its missile and weapons programs".

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