On Monday, September 11, the United Nations Security Council (UNSC) adopted a new resolution, UNSCR 2375, aimed at severing the Kim regime’s sources of currency, including new measures to restrict oil exports to North Korea, ban textiles imports from North Korea, and freeze existing joint ventures/restrict new ventures.

Although the sweeping new resolution is significant in a number of ways, it is also a seriously watered down version of the draft proposed by the U.S. delegation to China and Russia last week. As with previous measures, the scope of the sanctions matter less than the effectiveness