China's foreign minister has told his North Korean counterpart that Pyongyang should stop carrying out nuclear and missile tests, hours after fresh sanctions were agreed by the United Nations Security Council.
The resolution targets North Korea's primary exports, including coal, iron, iron ore, lead, lead ore, seafood and other revenue streams, such as banks and joint ventures with foreign companies.
"We expect it would have an effect of significantly cutting North Korea's foreign currency income", the ministry also said, putting the estimated amount of the cut at $1 billion, a lot of them from coal and seafood exports.
The resolution represents "the strongest sanctions ever imposed in response to a ballistic missile test", the statement said.
The U.S. -drafted resolution, negotiated with North Korea's neighbor and ally China, is aimed at increasing economic pressure on Pyongyang to return to negotiations on its nuclear and missile programs - a point stressed by all 15 council members in speeches after the vote.
United Nations approves new North Korea sanctions, the new measure cuts about $1 billion-worth of North Korean exports.
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US Secretary of State Rex Tillerson said he was encouraged by the vote, but officials warned that Washington would closely watch China - North Korea's biggest trade partner - to ensure sanctions are enforced.
Though Beijing repeated its call for the United States and North Korea to resume talks, the USA said that was still premature, and rejected yet again a Chinese call for the U.S.to freeze joint military exercises with South Korea in exchange for the North halting nuclear development.
North Korea's patron, China, with its veto power in the Security Council, holds to key to any action against Pyongyang.
The revenue from these different sectors is believed to fund North Korea's expensive ballistic missile and nuclear programs.
Yet despite deeming North Korea a top security threat, the young Trump administration has struggled to find a strategy that differs significantly from what the USA has tried in the past.
Despite his push for better relations with Russia, Tillerson faced a huge setback in the last week with new congressional sanctions on Moscow and Russia's retaliation.
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Trump has often taken to Twitter to voice his thoughts about other nations, tweeting Thursday that the United States' "relationship with Russian Federation is at an all-time & very risky low". Tillerson has no plans to sit down with North Korean Foreign Minister Ri Yong Ho at the event.
It adds nine North Koreans, mainly officials or representatives of companies and banks, to the United Nations sanctions blacklist, banning their travel and freezing their assets.
The resolution also bans countries from giving any additional permits to North Korean workers - a crucial source of foreign currency for the regime but a situation labelled "a form of modern slavery" by Mr Rycroft.
The North Korean envoy hasn't spoken publicly since arriving in the Philippines.
The ASEAN Regional Forum, a forum for security dialogue, draws together the 10 ASEAN countries and 17 other members, including the United States, China and Japan.
"Who has been carrying out the U.N. Security Council resolutions concerning North Korea?"
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