Japan, US compile draft UN resolution on North Korea

Following report from Japan's Yomiuri Shimbun:

Japan and the United States on Wednesday compiled a draft of a new U.N. Security Council resolution against North Korea in response to its nuclear test, including such measures as making cargo inspections of North Korean vessels mandatory and imposing financial sanctions.

The draft has been circulated among Britain, China, France and Russia--all permanent members of the Security Council--and South Korea.

According to diplomatic sources, the draft strengthens Resolution 1718, which was adopted in October 2006 after North Korea's first nuclear test. Based on a draft prepared by the United States, it also reflects proposals made by Japan, China, France and Russia, the sources said.

The seven countries will hold an ambassadorial-level meeting Thursday to discuss a new resolution based on the draft.

According to the sources, the draft includes five proposals made by the United States:

• Imposing a total arms embargo on North Korea.
  
• Making cargo inspections of North Korean vessels mandatory.
  
• Making respective countries report results of cargo inspections.
  
• Prohibiting banking transactions with North Korea.
  
• Imposing a ban on making loans or granting aid to the country, except for humanitarian reasons.
  

In addition, it also includes measures proposed by Japan and France such as the designation of North Korean organizations and individuals who should have their assets frozen or be banned from traveling outside the reclusive state.