"The sanctions contained in this draft resolution will significantly impede North Korea's ability to develop further its illicit nuclear and ballistic missile programmes," US Ambassador to the UN Susan Rice told reporters.
These sanctions-as well as a commitment to take further significant measures in the event of another launch or nuclear test-will demonstrate clearly to North Korea the continued costs of its provocations, she added.
"For example, for the first time ever, this resolution targets the illicit activities of North Korean diplomatic personnel, North Korean banking relationships, illicit transfers of bulk cash, and new travel restrictions," she noted.
The resolution builds upon previous three UNSC Resolutions -- numbers 1718, 1874, and 2087 as a result of which North Korea will be subject to some of the toughest sanctions imposed by the United Nations.
"The breadth and scope of these sanctions is exceptional and demonstrates the strength of the international community's commitment to denuclearisation and the demand that North Korea comply with its international obligations," Rice said.