The targets include top officials at a company that is the country's primary arms dealer and main exporter of ballistic missile-related equipment, and a national organization responsible for research and development of missiles and probably nuclear weapons.
The success of a new round of sanctions could depend on enforcement by China, where most of the companies and banks that North Korea is believed to work with are based.
The United States and other nations worry that North Korea's third nuclear test pushed it closer to its goal of gaining nuclear missiles that can reach the U.S. The international community has condemned the regime's nuclear and missile efforts as threats to regional security and a drain on the resources that could go to North Korea's largely destitute people.
The draft resolution condemns the latest nuclear test "in the strongest terms" for violating and flagrantly disregarding council resolutions, bans further ballistic missile launches, nuclear tests "or any other provocation," and demands that North Korea return to the Nuclear Nonproliferation Treaty. It also condemns all of North Korea's ongoing nuclear activities, including its uranium enrichment.
But the proposed resolution stresses the council's commitment "to a peaceful, diplomatic and political solution" and urged a resumption of six-party talks with the aim of denuclearizing the Korean Peninsula "in a peaceful manner."
The proposed resolution would make it significantly harder for North Korea to move around the funds it needs to carry out its illicit programs and strengthen existing sanctions and the inspection of suspect cargo bound to and from the country. It would also ban countries from exporting specific luxury goods to the North, including yachts, luxury automobiles, racing cars, and jewelry with semi-precious and precious stones and precious metals.
According to the draft, all countries would now be required to freeze financial transactions or services that could contribute to North Korea's nuclear or missile programs.
To get around financial sanctions, North Koreans have been carrying around large suitcases filled with cash to move illicit funds. The draft resolution expresses concern that these bulk cash transfers may be used to evade sanctions. It clarifies that the freeze on financial transactions and services that could violate sanctions applies to all cash transfers as well as the cash couriers.
The proposed resolution also bans all countries from providing public financial support for trade deals, such as granting export credits, guarantees or insurance, if the assistance could contribute to the North's nuclear or missile programs.
It includes what a senior diplomat called unprecedented new travel sanctions that would require countries to expel agents working for sanctioned North Korean companies.
The draft also requires states to inspect suspect cargo on their territory and prevent any vessel that refuses an inspection from entering their ports. And a new aviation measure calls on states to deny aircraft permission to take off, land or fly over their territory if illicit cargo is suspected to be aboard.
Lederer reported from the United Nations. Foster Klug in Seoul contributed to this report.
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