North Korea Tuesday categorically rejected the new measures, with United Nations ambassador Han Tae-Song saying in Geneva that the USA had "fabricated the most vicious sanction resolution" and warning of retaliation.
Trump said the new sanctions are "no big deal" and pale in comparison to what "ultimately will have to happen" to North Korea.
"So I don't think a legal issue is almost as important as getting now a diplomatic solution to this crisis". "War is never something the Unites States wants - we don't want it now".
"(They discussed) a firm and united reaction towards North Korea's repeated provocations as it is a threat to world peace and security", the Elysee Palace told CNN. "The choice is theirs".
The resolution caps North Korea's imports of crude oil at the level of the last year and limits the import of refined petroleum products to 2 million barrels a year.
The UN resolution will hugely impact the North Korean economy.
2 June 2017: United Nations imposed a travel ban and asset freeze on four entities and 14 officials, including the head of North Korea's overseas spying operations.
Ethnic Koreans living in Japan are nervously watching growing tensions over North Korea and are wary of a possible backlash against their community as Pyongyang ramps up its sabre-rattling. He urged Pyongyang to take "concrete action" toward denuclearization. Earlier it tested a long-range ballistic missile, which, according to United States estimates, can reach its west coast.
Monday's vote is seen as a key test of resolve for the council, which united last month to adopt a resolution meant to reduce the impoverished country's export earnings by up to a billion dollars.
Russian Federation and China are pushing for talks with North Korea, but their proposal for a freeze on Pyongyang's missile and nuclear tests in exchange for suspending US-South Korean military drills has been rejected by the United States.
Chinese UN ambassador Liu Jieyi again called for talks "sooner rather than later".
"If North Korea-bound oil, mainly coming from China, decreases through pressure by the global community, it will be hard for North Korea to operate its missile brigades".
North Korea imports all the crude oil it consumes-some 520,000 tons a year-most of which comes from China.
In August, a new round of United States sanctions banned exports including coal, costing North Korea an estimated $1bn (£767m) - about a third of its entire export economy.
'We must stop its march towards a nuclear arsenal with the ability to deliver it anywhere in the world, ' she said of North Korea.'We must do that by cutting off the fuel and the funding that supports it'.
The upcoming UN Security Council vote comes shortly after a panel of UN experts said in a report last week that Syria and North Korea were backing each other's missile development programs, highlighting cooperation in "prohibited chemical, ballistic missile and conventional arms", namely Syria's Scud missile programs and the maintenance and fix of surface-to-air missile air defense systems.
"We need to use every ounce of leverage.to put maximum pressure on this rogue regime", he said at a committee hearing on North Korea.
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