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The train was reportedly carrying 613 passengers before it derailed 140 kilometres off its final destination.
Fifteen people have been hospitalised with serious injuries.
According to local reports eight cars of the train derailed, five overturned and three fell onto one side.
The train was en route from Novosibirsk – a city in Siberia – to the Black Sea resort of Adler – close to the Olympic city of Sochi.
The cause of the accident is not yet clear and no official confirmations are available yet.
“The locomotive driver noticed that the tracks were deformed due to the heat and was forced to apply the emergency brake,” a police source was quoted by ITAR-TASS agency.
Officials have ruled out the possibility of a terror attack.
By Daria Chernyshova in Moscow, Russia for The BRICS POST, with inputs from Agencies