The United Nations Security Council has further toughened sanctions against North Korea following a ballistic missile test on November 29.
But the resolution doesn't include even harsher sanctions sought by the Trump administration, such as prohibiting all oil imports and freezing the global assets of North Korea's government and its leader, Kim Jong Un.
U.S. Ambassador to the United Nations Nikki Haley votes among other members of the United Nations Security Council to impose new sanctions on North Korea, in NY, U.S., December 22, 2017.
North Korea regularly threatens to destroy South Korea, the United States and Japan, and says its weapons programs are necessary to counter US aggression.
The resolution caps crude oil imports at 4 million barrels a year.
That's a reduction of almost 90 percent from the current 4.5 million barrels. The United States estimated about 93,000 North Koreans are working overseas, a USA official said.
To try to reduce smuggling and ship-to-ship transfers of North Korean coal and other banned goods, the measure says countries can "seize, inspect, freeze (impound) any vessel in their ports" if there are grounds to believe the vessel was used to transport banned items.
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A total of 16 North Korean officials, most of whom work in banking, were added to the United Nations sanctions blacklist along with the North Korean ministry of the people's armed forces, which manages logistics for the army.
According to the US Ambassador to the UN Nikki Haley, "It (the resolution) sends the unambiguous message to Pyongyang that further defiance will invite further punishments and isolation".
The United States has led the drive at the Security Council to tighten sanctions aimed at piling pressure on Kim's regime to come to the negotiating table.
Washington has been imposing sanctions on the country since 2008, banning the export of goods and services to the country, with little effect.
Kim said this at a meeting with high-ranking Workers Party officials days after Pyongyang successfully tested its most advanced intercontinental ballistic missile (ICBM) to date, Efe quoted the KCNA report.
This is unedited, unformatted feed from the Press Trust of India wire.