David von Hippel, an energy expert with the Nautilus Institute think tank who has done extensive research on North Korea, said he doubts that oil sanctions will hit the regime very hard.
It was the ninth sanctions resolution unanimously adopted by the 15-member council since 2006 over North Korea's ballistic missile and nuclear programs. "We are not looking for war. If it agrees to stop its nuclear program it can reclaim its future".
China tested antimissile systems and performed exercises to prepare for a "surprise attack" from North Korea, indicating newfound alarm among the military about the crisis. "The choice is theirs". It estimated that North Korea managed to export at least $270 million of banned commodities between February and August. Though the U.S. had wanted to introduce harsher measures such as a travel and financial freeze on the country's Supreme Leader Kim Jong-un, diplomats have toned down the resolution after negotiations with China and Russian Federation. In addition, work permits for North Koreans will not be renewed, and no new North Korean workers can be hired outside of the country.
THEY WANT NUKES Members of the Korean Veterans Association hold up banners during a rally demanding the re-deployment of USA tactical nuclear weapons in South Korea to cope with North Korea's nuclear threat, in Seoul on September 12, 2017.
The Trump administration has dabbled in imposing sanctions on Chinese entities that help enable the Kim regime's illicit activities, but it has yet to cross the line into any area that might put delicate U.S.
Blocking textile exports and cutting off the flow of oil from China would potentially be crippling measures.
Liu said relevant parties should resume negotiations "sooner rather than later". A new draft text circulated late Sunday maintains an embargo on natural gas but would limit deliveries of refined oil to 500,000 barrels for three months from October 1 and 2 million barrels from January 1 for a period of 12 months, according to the text obtained by AFP.
The resolution also calls for a ban on North Korea's textile exports - its largest export after coal and other minerals in 2016.
The UN resolution verified that its push for nuclear weapons "was absolutely right" and strengthened its will to "follow this road at a faster pace without the slightest diversion until this fight to the finish is over", North Korea's foreign ministry said in a statement carried by the state-run Korean Central News Agency on Tuesday.