>> The UN Security Council voting unanimously to impose new sanctions on North Korea, Saturday. That could mean a $1 billion hit to the hermit kingdom's economy. The move, in response to Pyongyang's two recent intercontinental ballistic missile tests. Drafted by the US, the resolution bans North Korean exports such as coal, iron, lead, and seafood.
And blocks countries from boosting the numbers of North Korean laborers overseas while ending new joint ventures and investments with PongYang.>> Today, the full Security Council has come together to put the North Korean dictator on notice. And this time, the Council has matched its words and actions. It is the continued suffering of the North Korean people that should remind the Security Council that while this resolution is a significant step forward, it is not nearly enough.
>> Pyongyang has blamed both Seoul and Washington for escalating tensions with military drills. China and Russia, both North Korean allies, voted in favor of the sanctions, but urged the US to halt its THAAD missile defense system rollout. Russia's ambassador saying Moscow hoped the sanctions would lead to talks with Pyounyang to explore new ways of addressing the rising tensions and nuclear threat.
The US and China worked together to negotiate this latest resolution that was introduced to the Security Council on Friday. Hailey thanked China for its contributions to the resolution.