The council banned North Korean textile exports, an important source of hard currency, and capped its imports of crude oil.
The U.N. Security Council is set to vote this evening on a new resolution to increase pressure on North Korea. This comes after North Korea's latest nuclear test. The North Korean regime has not passed the point of no return ...
Prior to the adoption of the text, North Korea had expressed loud and clear its opposition to the new measures.
The sanctions restrict oil imports and ban textile exports - an attempt to starve the North of fuel and income for its weapons programs.
Still, they noted that the measure could open the way for a complete oil embargo.
The 15-member Security Council is scheduled to vote on the draft at 6PM on Monday (2200GMT).
What sanctions are not is a solution in themselves.
"The resolution adopted by the security council today reflects this principle of three commitments and demonstrates the unanimous position of the global community of opposing DPRK's development of its nuclear and ballistic missile capabilities".
"Previous efforts to bring North Korea to the negotiating table have failed".
The UN Security Council on Monday unanimously approved sanctions to be imposed on North Korea.
Among the provisions that were in a draft proposal, but not the final resolution were a total oil embargo and a freeze on the assets of both North Korean leader Kim Jong Un and the national airline.
The comments came as North Korea faced renewed criticism at the Geneva-based body of its recent ballistic missile and nuclear weapons tests. Textiles account for the biggest sector in the country's economy not previously restricted by the Security Council; taken together with earlier bans on coal, iron and seafood this measure means that more than 90 percent of the regime's publicly-reported exports past year are now banned.
Additionally, the new measures will prevent overseas workers from earning wages that finance the North Korean regime - over $500 million each year - in addition to cutting off foreign investments, technology transfers and other economic cooperation, according to a statement from the USA mission to the UN.
"In the past, we have seen shows of quite convincing enforcement in the major centers, such as at Dandong", said Chris Green, a North Korea expert at Leiden University in the Netherlands, referring to the largest trading hub on the China-North Korea border.
The Democratic People's Republic of Korea (DPRK) is "ready to use a form of ultimate means" North Korea's ambassador to the UN, Han Tae Song said without elaborating. "We also have USA sanctions that go beyond the United Nations sanctions".
The U.S. has called for sanctions that would virtually end all trade with North Korea and freeze all assets controlled by the regime. United States administration did not agree to this proposal.
A ban on textiles will not only impact factory workers but also their families who are supported by work in textiles factories, said Green.
"Do we think more sanctions are going to work on North Korea?"
China's United Nations ambassador, Liu Jieyi, said Beijing has been making "unremitting efforts" to denuclearize and maintain peace and stability on the Korean Peninsula.
With backing from China and Russian Federation, the council voted 15-0 to back the US-drafted ban on textile exports and restricting shipments of fuel to Pyongyang.
"It's called negotiation. That's what we do here at the security council". Though its missiles can not tackle ICBMs, they are capable of destroying ballistic missiles.
Unfortunately the reality, as Mr Kim understands only too well, is that these countries are far from united in agreement on the way ahead.