United States aims for vote on Saturday to impose sanctions on North Korea’s $3bn export industry following its missile tests in July

A US-drafted United Nations security council resolution aims to slash by a third North Korea’s $3bn annual export revenue by banning the country’s trade of coal, iron, iron ore, lead, lead ore and seafood.

A council diplomat, speaking on condition of anonymity, said there was a “high confidence” that North Korea ally China and Russia would support the draft resolution, which was circulated to the 15 security council members on Friday.

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