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00:00:00
>> The United Nation Security Council unanimously imposing it's toughest sanctions yet against North Korea on Monday after the Hermit Kingdom's sixth and most powerful nuclear test earlier this month.>> We are done trying to prod the regime to do the right thing. We are now acting to stop it from having the ability to continue doing the wrong thing.
00:00:22
>> US Embassador to the UN, Nikki Haley, saying the resolution will cut deep as it would reduce the fuel available to North Korea by almost a third. But the US rolled back it's initial proposal of a complete oil embargo to make sure Russia and China were on board.
00:00:38
Reuters Chief UN correspondent, Michelle Nichols, explains.>> One diplomat actually described the resolution that was proposed by US last week as the cutting room floor resolution in that it contained everything that was left to possibly sanction North Korea over its ballistic missile and nuclear programs. But the resolution was revised and watered down so much that it amounts to another incremental step up in sanctions on North Korea.
00:01:08
Diplomats said that Russia argued privately if all the sanctions that had been proposed by the US were adopted, it would leave the security council with no leverage in the event that North Korea carries out more ballistic missile or nuclear tests. And Chinese officials have privately expressed fears that imposing an oil embargo in North Korea could trigger massive instability in the country and possibly send a flood of refugees over the border in Into China.
00:01:37
>> While the draft resolution was watered down, it's still imposing stronger sanctions on North Korea. In addition to capping crude oil imports, the new resolution also bans all textile trade and requires inspections and monitoring of North Korean ships. North Korea in a statement threatening the United States ahead of Monday's vote in New York saying quote, the forthcoming measures to be taken by the DPRK will cause the US the greatest pain and suffering it had ever gone through in its entire history.