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(LEAD) U.N. Security Council postpones vote on N.K. resolution until Wednesday

All News 01:51 March 02, 2016

(ATTN: UPDATES throughout with details, background)

WASHINGTON/NEW YORK, March 1 (Yonhap) -- The U.N. Security Council postponed a vote on a new resolution expanding sanctions on North Korea until Wednesday as Russia asked for more time to review the draft resolution, sources said Tuesday.

The vote, which had been scheduled for 3 p.m. Tuesday, has now been rescheduled for 10 a.m. Wednesday as Russia, a veto-holding permanent member of the council, asked for a 24-hour review of the draft that has been worked out between the United States and China.

The new sanctions would require mandatory inspection of all cargo going in and out of North Korea, ban its exports of coal, iron and other mineral resources -- a key source of hard currency for Pyongyang, and prohibit sales of small arms and other conventional weapons to the North.

In addition, the resolution, which is expected to be formally adopted as early as Saturday, also calls for banning jet and rocket fuel supplies to the North, and grounding North Korean flights suspected of carrying contraband, and denying vessels suspected of carrying illicit items access to ports.

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