Last week, the panel declared that it was looking into allegations that Russia had broken the law by acquiring ballistic missiles and other weapons from North Korea to deploy in Ukraine.
Since 2006, Pyongyang has been subject to a number of sanctions by the UN Security Council due to its nuclear weapons program.
The specialist group that was established to keep an eye out for violations will now be dissolved, but the limits remain in place.
Thirteen of the fourteen member states present voted in favor of the renewal, but Russia used its veto power as a permanent member to reject it in a Security Council vote on Thursday. The closest ally of Pyongyang, China, did not vote.
Russia’s embargo comes after a year of high-profile public encounters between leaders in Moscow and Pyongyang, which sent off a wave of condemnation from the US, UK, South Korea, and other Western allies.
Russia has never before stopped the panel, which the UN Security Council has renewed every year for the past 14 years.