Proposals from the UK government for a Europe-wide crackdown on North Korea are expected to be agreed with EU foreign ministers today.
A ban on EU investment into all sectors of North Korea and cutting off the export of oil to the country are among a fresh round of sanctions under consideration in Luxembourg.
The tightening of restrictions aims to cut off income streams supporting North Korea’s illegal nuclear and ballistic missile programmes.
Foreign secretary Boris Johnson said North Korea poses "an unacceptable threat to the international community".
Maximising diplomatic and economic pressure on North Korea is the most effective way to pressure Pyongyang to halt its illegal and aggressive actions.
Sanctions will also include adding more names to the list of regime officials and companies that are subject to asset freezes and travel bans, banning a list of luxury goods and slashing how much cash can be sent to North Korea for personal purposes.
Johnson added: “As I have said before, the North Korean regime must bear full responsibility for the measures that the international community is enacting against it, including these sanctions."