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UN Security Council set to condemn North Korea's rocket launch, expand existing UN. sanctions

The United States and China have agreed on a new U.N. Security Council resolution condemning North Korea's rocket launch in December that lofted a satellite into orbit.

A diplomat speaking on condition of anonymity says the text of the draft resolution reiterates the Security Council's previous demand that North Korea abandon its nuclear weapons program and not proceed with further launches.

The diplomat says the resolution imposes new sanctions under existing authorities on North Korean companies and government agencies, including North Korea's space agency and several individuals.

The resolution also updates lists of nuclear and ballistic missile technology banned for transfer to and from North Korea and includes several new provisions targeting North Korea's smuggling of sensitive items that could contribute to the prohibited programs.