South Korea braces for possible missile test to mark North's founding anniversary

South Korea braces for possible missile test to mark North's founding anniversary

South Korea braces for possible missile test to mark North's founding anniversary

The US-drafted resolution was voted in 15-0 on Monday, marking the ninth time since 2006 that the council had unanimously voted in favour of sanctions aimed at blocking the Asian nation's proliferation of nuclear arms.

There are now fears Kim Jong-un could respond to the new sanctions with another missile launch or nuclear bomb, as North Korea has previously threatened the USA will pay a "due price" for levying sanctions against them.

North Korea for its part has shot back that it would inflict "the greatest pain and suffering" if new measures are passed.

North Korea's foreign ministry said it will make the USA pay a "due price" if Washington goes ahead with the vote on a resolution on harsher sanctions.

Moreover, it remained wholly unclear whether the additional penalties would persuade North Korea to halt its nuclear and ballistic missile tests - the latest just last week, when it detonated its sixth and most powerful nuclear device.

It followed up earlier this month with a sixth nuclear test, which it said was a hydrogen bomb small enough to fit onto a missile.

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Germany would lend its weight to a diplomatic push to end North Korean nuclear weapons and missile development along the lines of a past deal with Iran, Chancellor Angela Merkel said Sunday.

North Korean Ambassador Han Tae Song denounced the sanctions in the "strongest terms" during a United Nations conference on disarmament on Tuesday, Yonhap reported.

A United States official, familiar with the council negotiations and speaking on condition of anonymity, said North Korea imports 4.5 million barrels of refined petroleum products annually and 4 million barrels of crude oil.

In an official statement it threatened to cause the United States "the greatest pain and suffering it had ever gone through in its entire history".

The harsh sanctions to be considered were a total oil embargo and cracking down on North Korean workers who were shipped to places like China and Russian Federation to send money back to the state.

The tensions have weighed on global markets, but yesterday there was some relief among investors that North Korea did not conduct another missile test over the weekend when it celebrated its founding anniversary.

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DeThomas agreed that it was unwise to break the unity of the Security Council, but he said the US administration is unlikely to accept "a very watered down approach".

Staff at branches in Beijing and the border city of Yanji - a major trade and transportation hub between the two neighbours - said their banks have banned North Koreans from opening new accounts and some have even started to close existing ones.

The Trump administration adopted a totally new approach with this resolution, circulating an American draft Tuesday and setting a vote six days later.

Under the measure, countries would be authorized to inspect ships suspected of carrying banned North Korean cargo but must first seek the consent of the flag-state.

He also opposed the deployment of the Terminal High Altitude Area Defence (THADD) anti-missile system by the USA in South Korea asserting that it undermined the security of China and other countries in the region.

Haley last week called the proposal "insulting" and said the USA has maintained that North Korea needs to halt their activities before talks can take place.

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It already exports "Made-in-China" clothing and launders tens of millions of dollars across baccarat tables. A proposed asset freeze and a travel ban on North Korean leader Kim Jong-un were dropped.

"We wanted those who would be inclined to water down the text to own that position", said the USA official.

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