Speaking on condition of anonymity, two council diplomats said Beijing and Washington reached a deal on the draft, which could go to the full 15-member council soon. The two veto powers had been negotiating on a draft resolution for the past seven weeks following Pyongyang's fourth nuclear test on January 6, according to Reuters.
"It's a substantive, long, full draft... which I hope will be adopted in the coming days," a senior council diplomat said. "There was a significant number of blockage points between the two countries... There is an agreement between those two countries."
The draft resolution is expected to call for the blacklisting of a number of individuals and entities, diplomats said. They were reluctant to provide further details.
North Korea's Ministry of Atomic Energy Industry and its National Aerospace Development Agency or 'NADA', the body responsible for February's rocket launch, will be amongst the sanctioned entities, South Korea's Yonhap news reported.
The secretive General Reconnaissance Bureau, already sanctioned by the United States for its suspected role in the 2014 cyber-attack on Sony Pictures, was also included in the blacklist, Yonhap said.
The council is scheduled to discuss the U.N. North Korea sanctions regime on Thursday at 15:00 ET (20:00 GMT), the U.N. press office said.
