Washington is urging the UN Security Council to apply new sanctions in response to North Korea's latest nuclear test.
At his meeting with Moon today, Putin agreed that resolving the North Korea nuclear issue is the most urgent task facing the global community.
Kim Myong-chol, executive director of the Japan-based Center for North Korea-US Peace, an unofficial mouthpiece of the Pyongyang regime, was blunt when asked what an oil embargo would mean.
Russian President Vladimir Putin on Tuesday said that imposing new sanctions on North Korea was not the answer to the country's nuclear and ballistic development, speaking at a summit of BRICS nations in Xiamen, China.
Weapons experts say it's nearly impossible to verify if the warhead and missile could be successfully paired unless North Korea were to fire a nuclear-tipped ICBM.
The South Korean president had stressed the need for stronger sanctions against the North, including cutting off its oil supply, in an earlier call with his Russian counterpart.
North Korea says it needs to develop its weapons to defend itself against what it sees as USA aggression.
Geng Shuang, a Chinese foreign ministry spokesman, told a briefing in Beijing that the country regarded as "unacceptable a situation in which on the one hand we work to resolve this issue peacefully but on the other hand our own interests are subject to sanctions and jeopardised".
Seoul estimated the blast's yield at 50 kilotons, more than three times the size of the bomb detonated over Hiroshima in 1945. He said on Wednesday it was inevitable oil supplies to the North would be cut and asked Putin to cooperate.
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Through repeated telephone talks, Abe has agreed with U.S. President Donald Trump and South Korean President Moon Jae In to "maximize" pressure on North Korea.
He also questioned the effectiveness of tightening sanctions, as the USA has suggested, saying that they will not change the behavior of Kim Jong Un and his regime.
The most recent measures, imposed last month following Pyongyang's July firing of two intercontinental ballistic missiles (ICBMs) that apparently brought much of the United States mainland into range, zeroed in on the economy.
Such a resolution would require consent by Russian Federation and China, veto-wielding members of the Security Council.
"China will never allow chaos and war on the (Korean) peninsula", he asserted.
Sanctions to date have focused on North Korean exports of coal and minerals to earn hard currency to fund the regime's missile and nuclear weapons programs, along with restrictions on Pyongyang's global financial transactions, as well as transfers of banned technology and the luxury goods that are so enjoyed by the elite.
Haley rejected the proposal as "insulting".
On Sunday, Trump tweeted that he was considering stopping all trade with any country doing business with the secretive regime.
China is the North's closest ally and commercial partner.