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12:01 a.m.: Shares of Japanese trading firms Mitsui & Co dropped more than 4% on Wednesday after former Russian President Dmitry Medvedev made comments threatening the loss of oil and gas supply to Japan, Reuters reported.

Commenting on a reported proposal by Japanese Prime Minister Fumio Kishida at the weekend to cap the price of Russian oil at around half its current level, Medvedev said on social media that Japan “would have neither oil nor gas from Russia, as well as no participation in the Sakhalin-2 LNG project” as a result.

Mitsui and Mitsubishi hold stakes of 12.5% and 10%, respectively, in the Sakhalin-2 project, an oil and gas development in Sakhalin Island, Russia.

Some information in this report came from Reuters.