North Korea Is Targeting South Korea's Bitcoin Exchanges, Report Claims

N. Korea vows to boost weapons programmes after sanctions

The United Nations Security Council unanimously approved a resolution to impose new economic sanctions on North Korea for its nuclear weapons buildup but the proposed penalties were weaker than the Trump administration had sought.

The European Union is seeking to ramp up pressure on North Korea by imposing fresh sanctions of its own on the heels of the newly adopted UN Security Council resolution 2375.

"We think it's just another very small step, not a big deal", Trump told reporters at the start of a meeting with Malaysian Prime Minister Najib Razak.

Still he says, it's "nice" to get a 15-0 vote.

The U.N. Security Council adopted a new sanctions resolution against the North earlier in the day that includes heavy restrictions on hiring of North Korean workers overseas.

The new sanctions imposed by the United Nations include a reduction in the flow of oil to North Korea, knowing that the main supplier of North Korea of oil is China.

The United States is attempting to "strangle and completely suffocate" North Korea, the country's Foreign Ministry said, and Pyongyang "shall make absolutely sure that the USA pays due price".

Frustrated US lawmakers called at a House hearing on Tuesday for a "supercharged" response to North Korea's nuclear and missile tests and said Washington should act alone if necessary to stiffen sanctions on China firms and any country doing business with Pyongyang. The country vowed to establish a "practical equilibrium" with the United States, it said.

The new resolution calls for firing 93,000 North Korean workers employed overseas when their contracts expire. Earlier this year, China, its only ally, also suspended coal exports from North Korea.

"To change its behaviour, deter it from carrying out illegal tests and bring it back to the negotiating table", Ms Bishop said.

The North Korean Foreign Ministry condemned the sanctions "in the strongest terms", calling them a "heinous provocation aimed at depriving the DPRK (Democratic People's Republic of Korea, the country's official name) of its legitimate right for self-defense".

The EU is now imposing a series of sanctions on North Korea, some at the initiative of an individual of the Union and some are committed to United Nations resolutions.

More than 90 percent of North Korea's reported exports are now fully banned by sanctions, Haley said.

The committee chairman, Republican Rep. Ed Royce of California, said he agreed with Sherman and urged more sanctions against Chinese banks that do business with North Korea.

"The U.S. first circulated a draft resolution that called for a full oil embargo on North Korea in an attempt to win more leverage", the official Global Times said.

North Korea rejected the measure.

China and Russian Federation - the biggest economic patrons of North Korea - both share the view that North Korea would not give up its nuclear weapons without security guarantees, and they do not see the point of fomenting a crisis on their borders that will benefit American strategic goals.

The United States and China "have two fundamentally different purposes", said Joseph Cirincione, president of the Ploughshares Fund, a San Francisco-based organization that promotes nuclear nonproliferation. "If North Korea continues its risky path, we will continue with further pressure". "That is not acceptable", she said. He later said the US military was "locked and loaded", as if ready to attack the nuclear armed nation.



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