The United States on Thursday circulated a draft U.N. Security Council resolution that would ban nearly 90 percent of refined petroleum product exports to North Korea.
The 12-page draft sanctions resolution, a copy of which was obtained by Kyodo News, is set to be put to a vote by the 15-member council Friday afternoon.
In an effort to further cut funding for Pyongyang's development of nuclear weapons and ballistic missiles, the draft also calls for the repatriation of North Koreans working abroad within a year.
The new resolution was drafted in response to North Korea's test-launch last month of a new type of intercontinental ballistic missile it claims could carry a heavy warhead and strike anywhere in the United States.
It was not clear whether Washington has gained prior consent from China, the main benefactor of North Korea, and Russia on tightened sanctions against Pyongyang.
China accounts for about 90 percent of North Korea's total trade and is a major supplier of oil to the country, prompting critics to accuse Beijing of being an economic enabler of Pyongyang's nuclear and missile programs.
The draft proposes tightening the cap on refined petroleum product exports to North Korea to 500,000 barrels annually from 2 million barrels a year as it stands now.
The current limit was set in a Security Council resolution adopted in September following the North's sixth and most powerful nuclear test.
The document stipulates that crude oil exports to North Korea should not exceed a maximum of 4 million barrels, or 525,000 tons a year. It would require all U.N. member nations to provide a report to a council committee every 90 days on the amount of crude oil shipped to North Korea.
Furthermore, the draft demands that countries inspect ships in their territorial waters that are suspected of carrying oil and other banned products to North Korea.
It also calls for banning North Korean exports of food products, machinery, electrical equipment, earth and stone, covering items such as magnesite and magnesia, wood, and vessels.
To be prohibited similarly are exports to North Korea of industrial equipment, machinery, transportation vehicles and industrial metals.
In addition, the draft would subject the Ministry of the People's Armed Forces and 16 more North Korean individuals to a global asset freeze and travel ban.