President Donald Trump and other U.S. officials have welcomed the vote Aug. 5 by the U.N. Security Council to impose new sanctions on North Korea over its ballistic missile program.
The council voted 15-0, with China and Russia also voting in favor of the economic measures, Politico reported.
The new sanctions will block the export of iron ore, lead, iron, coal and seafood, and will reportedly prevent the North Korean regime from raising $1 billion annually.
"[T]his resolution sends a clear message to North Korea that the Security Council is united in condemning North Korea's violations and demanding North Korea give up its prohibited nuclear and ballistic missile programs," read a statement from the U.S. State Department, Politico reported.
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North Korean Foreign Minister Ri Yong Ho said in response to the sanctions Aug. 7 that Pyongyang would not give up its nuclear weapons program. He said the program was a rational "strategic option" in case of attack by the U.S., the Washington Post reported.
"There is no bigger mistake than the United States believing that its land is safe across the ocean," a statement from the official North Korean state news agency declared.
Trump has repeatedly criticized China in recent months, arguing it has not done enough to punish North Korea for its ballistic missile tests.
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But he applauded the Security Council vote on Twitter.
"The United Nations Security Council just voted 15-0 to sanction North Korea," Trump tweeted, according to Politico. "China and Russia voted with us. Very big financial impact!"
Two missile tests by North Korea in July showed that it can launch missiles capable of hitting population centers in the United States. They are reportedly still working on technology to enable these missiles to carry nuclear warheads.
The Trump administration has threatened to take military action if North Korea does not abandon its missile tests' however, Secretary of State Rex Tillerson raised the prospect of talks Aug. 7 if Pyongyang halts future tests.
"We hope again that this ultimately will result in North Korea coming to a conclusion to choose a different pathway, and when the conditions are right that we can sit and have a dialogue around the future of North Korea so that they feel secure and prosper economically," added Tillerson, the Post reported.
Niki Haley, the U.S. ambassador to the U.N., stated that the Security Council had lived up to its role by backing the sanctions.
"Today, the full Security Council has together to put the North Korean dictator on notice, and this time the council has matched its words and actions," added Haley, according to Politico. "Today, the Security Council increased the penalty of North Korea's ballistic activity to a whole new level."