Textile Exports at Forefront of UN Sanctions on North Korea

US calls for UN vote on increased sanctions against North Korea

The US is willing to risk a veto of its proposal rather than see it watered down, according to a diplomat who asked not to be identified while negotiations are ongoing.

Russian Federation has repeatedly said that that it is important to prevent escalation of the crisis on the Korean Peninsula, calling for a diplomatic solution.

The sanctions were welcomed by several countries, including North's key trading partner China. He called on North Korea to "take seriously" the will of the worldwide community to halt its nuclear and ballistic missile development.

Pyongyang says it needs nuclear arms to protect itself, but the USA has accused the isolated nation of "begging for war".

"It is dark and it's getting darker", Haley said.

The latest United Nations resolution also calls on countries to inspect vessels on the high seas, with the consent of the flag state, if they have reasonable grounds to believe ships are carrying prohibited cargo to North Korea. China also implemented the coal import ban, cutting off an important economic lifeline of the regime.

The sanctions included the first restrictions on exports of crude oil and refined petroleum products to North Korea.

On Monday, following North Korea's latest nuclear test on September 2, the UN Security Council banned the supply, sale, or transfer of all condensates and natural gas liquids, and banned Pyongyang's exports of textiles such as fabrics and apparel products.

North Korea 'ready and willing' to respond to sanctions imposed by US
The resolution also calls for a ban on North Korea's textile exports - its largest export after coal and other minerals in 2016. The final agreement was reached after negotiations between the US and China, the North's ally and major trading partner.

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US Treasury Secretary Steven Mnuchin told a conference earlier on Tuesday that if China did not follow through on the new sanctions, "we will put additional sanctions on them and prevent them from accessing the US and worldwide dollar system".

Chinese trade data shows that Chinese gasoline exports to North Korea fell sharply, to just 120 tons in July, compared to 8,262 tons in June, according to IHS.

Merkel said she thought the only way to deal with North Korea's nuclear program was to come to a diplomatic solution.

North Korea does not release statistics on the number of people involved in the textiles industry but experts estimate at least 100,000 people are employed at North Korean textiles factories, producing goods both for export and the domestic market. "This ban will eventually starve the regime of an additional $500 million or more in annual revenues", Haley said. 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.

The US had initially proposed a complete oil embargo and also said that the foreign accounts of North Korean leader Kim Jong-un should be frozen. More recently this has typically taken one to three months.

The despot hosted the celebration - which included a banquet, an art performance and a photo session with him - for conducting the country's sixth nuclear test, Reuters reported, citing state-run media. "We have also made clear that if China and Russian Federation do not act, we will use the tools we have at our disposal".

U.N. Secretary-General Antonio Guterres, who called the nuclear risk in North Korea the most risky crisis in the world today, told reporters Tuesday that "the unity of the Security Council is absolutely crucial".

"North Korea will lose Dollars 700 million to USD 800 million a year from the textile ban".

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