But it only caps Pyongyang's imports of crude oil at the level of the last 12 months, and it limits the import of refined petroleum products to 2 million barrels a year.
Ethiopia's United Nations mission, the current Security Council president, said late Sunday that members would vote on a North Korea resolution following a meeting Monday afternoon on implementing existing sanctions against the Pyongyang government.
"We are done trying to prod the regime to do the right thing, we are now trying to stop it from having the ability to do the wrong thing", she added.
The new draft, obtained Monday by The Associated Press, would ban North Korea from importing natural gas liquids and condensates and cap its import of refined petroleum products and crude oil.
But later, the U.S. put forward another draft that removed the full oil embargo, asset freeze, travel ban for Kim and softened the language on foreign workers and other issues.
Haley said these are by far the strongest measures ever imposed on North Korea.
"The Republican senator also said the Trump administration should continue to work with China to convince North Korea to "put the brakes on" its missile and weapons programs". But China said after Monday's vote it supported the resolution.
It also adds language underscoring the Security Council's commitment to North Korea's sovereignty and territorial integrity, to "a peaceful and diplomatic solution to the situation", and "its concern that developments on the Korean Peninsula could have risky, large-scale regional security implications". The report estimated North Korea may have enough in reserve to supply its military for a year of normal operations or a month at a wartime pace.
It was the ninth sanctions resolution unanimously adopted by the 15-member council since 2006 over North Korea's ballistic missile and nuclear programmes.
The UN Security Council on Monday ratcheted up sanctions yet again against North Korea, but they fell significantly short of the far-reaching penalties that the Trump administration had demanded a few days ago.
"The world will witness how the DPRK tames the US gangsters by taking a series of actions tougher than they have ever envisaged", the unnamed spokesman said. The resolution imposes a ban on North Korea's textiles exports, which brought in over $750 million previous year and ranked second only to coal and other minerals.
Justice Kennedy reinstates Trump's refugee ban
By that point, the original 90-day travel ban will have lapsed and the 120-day refugee ban will have just a few weeks to run. The government had asked for a "temporary administrative stay" to give the justices time to consider the issue.
It will also ban the export of all textiles, the official said, noting that in 2016, the North Korean regime earned $760 million through those sales - making it the largest economic sector that UN Security Council had not yet touched.
A spokesman for the North Korean foreign ministry issued a similar statement through the official Korean Central News Agency, claiming Pyongyang is "ready to destroy" and employ other "last resort methods".
South Korea deployed four additional units of the Terminal High Altitude Area Defense (THAAD) system on Thursday after the North's latest nuclear test.
"We really like Vladivostok", a North Korean worker told CNN ahead of the sanctions vote.
"We don't take pleasure in further strengthening sanctions today", said Haley.
SEX thimble Kim Jong-un was surrounded by adoring women as he threatened to heap more military misery and mayhem on the west. "We also have USA sanctions that go beyond the United Nations sanctions".
If sanctions were to be too successful, Kim might decide he has little more to lose on balance in a shooting war than an economic one.
But China and Russian Federation, which both hold veto power in Security Council, would only agree to the compromise version enacted, and both expressed their determination to see a return to dialogue to resolve the issue. It is likely the new sanctions will pass.
North Korea was condemned globally for its latest nuclear test on September 3, which it said was of an advanced hydrogen bomb. But it was less the power of Washington, and more that of Beijing and Moscow, that was on display.
Undaunted by the global criticism of its test, which Pyongyang says was of a hydrogen bomb, Pyongyang celebrated through the weekend, with concerts and banquets for the country's nuclear scientists and engineers. Naturally, China does not want conflict with the United States, which is the country's largest trading partner, so it's unclear if China would actually risk conflict with the United States.
Enforcement of the textile ban along North Korea's 1,400-km (870 mile) border with China - where goods are sometimes smuggled across, often on boats at night - could be challenging, North Korea experts say.
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