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The Democratic People's Republic of Korea (DPRK) popularly referred to as North Korea has rejected the sanctions imposed on it by the United Nations Security Council following a vote to adopt a U.S.-drafted resolution.

Following a unanimous vote by the UN Security Council on Monday, a textile trading export ban was imposed on North Korea which should see the country lose over $1 bn annually.

The North's Foreign Ministry said the resolutions were an infringement on its legitimate right to self-defense and aimed at "completely suffocating its state and people through full-scale economic blockade".

"The DPRK will redouble the efforts to increase its strength to safeguard the country's sovereignty and right to existence and to preserve peace and security of the region by establishing the practical equilibrium with the U.S.," it said in a statement carried by the official KCNA news agency.

The statement echoed comments on Tuesday by the North's ambassador to the United Nations in Geneva, Han Tae Song, who said Pyongyang was "ready to use a form of ultimate means".

"The forthcoming measures ... will make the U.S. suffer the greatest pain it ever experienced in its history," Han said.

Meanwhile, the U.S. has continued to indicate that it is not satisfied with the current sanctions as it aims for an oil embargo on North Korea.

"We think it's just another very small step, not a big deal," Trump told reporters at the start of a meeting with Malaysian Prime Minister Najib Razak.

"I don't know if it has any impact, but certainly it was nice to get a 15-to-nothing vote, but those sanctions are nothing compared to what ultimately will have to happen."