The U.S. mission to the United Nations released a statement saying that it intends to call a Security Council meeting to vote on September 11 on the draft resolution imposing additional sanctions on the North, according to an AFP report.
Britain backed the measures, saying the sanctions resolution was "a proportionate response to North Korea's illegal and reckless behavior".
The United States has called on the United Nations Security Council to vote on Monday on a draft resolution for imposing new sanctions against North Korea that would include freezing the assets of leader Kim Jong Un over its sixth and powerful nuclear test.
The US has warned that time is running out to act.
United Nations diplomats said the latest USA proposals would be the toughest ever imposed on North Korea in punishment for its sixth and largest nuclear bomb test on September 3. However, Russia insists the North Korean nuclear crisis is impossible to solve with sanctions and pressure alone.
The new push could potentially cause a rift with China, North Korea's ally and trading partner, as well as with Russian Federation. Observers have said Beijing might agree to just a partial, or temporary, oil exports ban.
"Along with pressure on the North Korean regime to induce it to abandon provocations in the implementation of its nuclear and missile programs, it is necessary to emphasize and increase the priority of efforts to resume the political process", Lavrov said.
The U.S.is circulating a draft resolution calling for an oil embargo among the UNSC members.
North Korean state-run newspaper Rodong Sinmun said in an editorial on Saturday that Pyongyang was now a nuclear power and praised Kim for his "brilliant achievement" in strengthening "defences to protect the Korean peninsula from invasion".
"We have taken an incremental approach, and despite the best of intentions, it has not worked", Haley said.
He declined to say if he'd accept a nuclear-armed North Korea that can be successfully deterred from using such weapons.
As for the North Koreans, their official news agency Friday said the country's "nuclear weaponization. has reached its final phase".
He added, "To get the situation contained without war is going to be really hard, and that's if we've got our diplomacy right", he said.
Following the conversation with Xi, the USA leader said that a military response was not his first option.
The move is said to be unlike previous US efforts, in which the USA has spent weeks, and sometimes months, carefully crafting language with China before presenting the resolution to the rest of the Security Council for a vote.
It is estimated that between 60,000 and 100,000 North Koreans work overseas. However, Mexico is reportedly not considering the option of severing diplomatic relations with the North.