Some 93,000 North Koreans work overseas, providing Kim's regime with a source of revenue to develop its missile and nuclear programs, according to a U.S. official familiar with the negotiations.
So for instance, while the US wanted a total oil embargo, this resolution calls for a cap on oil exports to North Korea, cutting it, Haley says, by about 30 percent. The final text only lists one of those officials.
Countries that have provided work permits for the North Koreans are asked to report to the United Nations the number of guest workers they have employed and the date for ending those contracts.
That would amount to a 10 percent cut in oil products, according to the US Energy Information Administration, which estimates annual exports to North Korea at almost 2.2 million barrels.
The U.S.is also seeking to ban all countries from hiring workers from North Korea and from importing textiles from the northeast Asian nation - two key sources of foreign currency.
Neighbouring China now supplies most of North Korea's crude oil. According to South Korean data, Beijing supplies roughly 500,000 tonnes of crude oil annually.
For his part, Russian President Vladimir Putin told his South Korean counterpart at a meeting in Vladivostok last week that sanctions against the North were "useless", the Kremlin reported. The original language proposed by the United States would have empowered American forces to interdict ships suspected of carrying weapons material or fuel into North Korea and to use "all necessary measures" to enforce compliance.
Guterres also reaffirmed his commitment to work with all parties to reduce tensions and promote a peaceful political solution "and to strengthening communications channels", Dujarric said.
Japan backs USA bid for fresh sanctions against North Korea
Since 2006, the Security Council has unanimously adopted eight resolutions ratcheting up sanctions on North Korea over its ballistic missile and nuclear programs.
North Korea was condemned for its latest nuclear test in September, which it said was of an advanced hydrogen bomb.
The worldwide community is putting pressure on North Korea.
The resolution fell short of measures sought by the Trump administration. The draft would authorize the 192 other United Nations member states to stop these ships on the high seas to check their cargo without their consent.
The new draft imposes a full ban on textile exports, a biting new sanction that some diplomats fear may lead to an abstention by China.
House Foreign Affairs Committee Chairman Ed Royce urged Secretary of State Rex Tillerson and Defense Secretary James Mattis last week to step up the imposition of US sanctions on Chinese entities that help enable North Korea's illicit activities, according to a column carried in the Monday edition of The Washington Post.
However, this rule would not apply to "written contracts finalised prior to the adoption of this resolution" provided that states notify the committee by December 15 of the number of North Koreans subject to these contracts and the anticipated date of termination of these contracts.
Russian President Vladimir Putin recently expressed doubt over whether sanctions are an effective means of getting the North to stop its missile and nuclear testing, and China, harbouring similar concerns, has repeatedly hesitated in the past to fully support United States sanction plans.