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The United Nations Security Council meets to discuss imposing new sanctions on North Korea, in New York, US, Dec 22, 2017. [Photo/Agencies]

UNITED NATIONS - The UN Security Council on Friday adopted a new resolution to further tighten sanctions against the Democratic People"s Republic of Korea (DPRK) in response to its ballistic missile launch late last month.

Resolution 2397, which passed the 15-member council unanimously, bans nearly 90 percent of refined petroleum product exports to the DPRK, by setting a ceiling of 500,000 barrels during a period of 12 months beginning Jan 1, 2018. It provides for the same amount in 12-month periods thereafter with conditions.

It also caps crude oil exports to the DPRK at the current level of 4 million barrels a year.

As an important measure to cut the source of funding for Pyongyang"s nuclear weapon and ballistic missile programs, the resolution requires UN member states to repatriate all DPRK nationals earning income abroad immediately, but no later than 24 months from the date of adoption of this resolution.

In addition, the resolution bans DPRK exports of food and agricultural products; machinery; electrical equipment; earth and stone, including magnesite and magnesia; wood and vessels.

It bans the supply of industrial machinery, transportation vehicles, and iron, steel, and other metals to the DPRK.

The resolution provides for measures to stop ships illegally providing oil to the DPRK through ship-to-ship transfers and smuggling DPRK coal and other prohibited commodities by sea.

Member states may seize, inspect, freeze (impound) any vessel in their territorial waters, should they have reasonable grounds to believe that the vessel was involved in activities, or the transport of items, prohibited by Security Council resolutions, reads the text.

The resolution puts 19 new DPRK individuals, most of them DPRK overseas bank representatives, and the Ministry of the People"s Armed Forces, which manages the general administrative and logistical needs of the Korean People"s Army, on a list for a global asset freeze and travel ban.