President Donald Trump's administration is pushing the Security Council to adopt a united stance as North Korean leader Kim Jong Un seeks the capability to strike the USA with a nuclear weapon.
The new draft United Nations resolution would prohibit exports of crude oil, condensate, refined petroleum products, and natural gas liquids to North Korea. The draft further calls for a Kim Jong Un asset freeze and a travel ban on North Korea's senior leaders.
"The US intent is so strong on this issue and clearly they are throwing a lot at this", said a Security Council diplomat.
It is estimated that between 60,000 and 100,000 North Koreans work overseas. However, Russia insists the North Korean nuclear crisis is impossible to solve with sanctions and pressure alone.
New measures by the worldwide community should be aimed at "harming the nuclear and missile program of the government of North Korea while helping restart dialogue and negotiation", Wang said.
The new push could potentially cause a rift with China, North Korea's ally and trading partner, as well as with Russian Federation.
On Sunday, North Korea sent shock waves across the world by detonating a hydrogen bomb, which was its sixth and the biggest nuclear test to date.
The renewed debate on sanctions at the United Nations came as South Korea reported detecting small traces of radioactive particles that could have come from the detonation of what Pyongyang said was its most powerful hydrogen bomb in an underground test last weekend. The Nautilus Institute, a U.S. think tank, published a report in May titled "Sanctions on North Korean Oil Imports: Impacts and Efficacy".
President Donald Trump warned on Wednesday that the United States would no longer tolerate North Korea's actions but said the use of military force against Pyongyang will not be his "first choice".
China objects to both the military drills and the deployment in South Korea of an advanced U.S. missile defence system that has a radar that can see deep into Chinese territory.
"We too, are against North Korea developing its nuclear capabilities and condemn it, but it is worrying cutting the oil pipeline will harm the regular people, like in hospitals", Putin said, according to the South Korean presidential official.