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"Our attitude on trade changes when countries do not take international security threats seriously."
The UNSC extended existing sanctions to 14 individuals and four entities in North Korea.
The Security Council noted Pyongyang is “diverting resources to the pursuit of ballistic missiles and nuclear weapons" while its citizens have "great unmet needs.”
A US official said the projectile was a Pukguksong-2, a medium long-range ballistic missile tested by Pyongyang in February.
North Korea is working to build an ICBM capable of carrying a nuclear warhead that will reach the United States.
"With each successive detonation and missile test, North Korea pushes northeast Asia and the world, closer to instability toward a broader conflict."