A United Nations Security Council vote on tighter sanctions against North Korea for a missile launch and nuclear test earlier this year was delayed until Wednesday, U.S. diplomats said.
According to a draft resolution obtained by Bloomberg News, the security council members will consider: Mandatory inspections of all vessels going in and out of North Korea.
Banning exports from the country of minerals such as gold, titanium, rare earths, coal, and iron -- a key source of hard currency for the Kim Jong Un regime.
Banning aviation fuel exports to North Korea.
Banning North Korea from chartering vessels or aircraft.
Freezing assets of North Korean entities linked to nuclear or missile programs.
In addition, the draft says that UN members “shall prohibit financial institutions within their territories or subject to their jurisdiction from opening new representative offices or subsidiaries, branches or banking accounts” in North Korea.
It would also ban small arms imports and require an inspection of all arms going into the country.