Russia's defence ministry said that an explosion aboard Moskva, the flagship of the country's Black Sea Fleet, has "seriously damaged" the vessel.
The ministry's statement said: "The cruiser Moskva's ammunition has detonated as a result of a fire on the warship.
"The vessel is seriously damaged. The entire crew have been evacuated. The cause of the blaze is being investigated."
It did not specify the cause of the fire, saying it was under investigation.
Ukraine said the 186m-long vessel was struck by their Neptune missiles.
Ukrainian presidential aide Oleksiy Arestovych said Russian rescuers were unable to reach the vessel, which could have had as many as 510 crew members on board.
"It has been confirmed that the missile cruiser Moskva today went exactly where it was sent by our border guards on Snake Island!" Odesa regional governor Maksym Marchenko wrote in his Telegram post.
Earlier in the war, Ukrainians stationed on Snake Island in the Black Sea defied an order from the ship to surrender, telling the Moskva to "go to hell".
What is known about the flagship?
The Moskva missile cruiser was constructed in the early 1980s in what was then the USSR.
It was the lead ship of the Soviet navy's Project 1164 Atlant class. It was initially called Slava, but later renamed Moskva (Moscow).
The warship's main armaments are P-1000 Vulkan anti-ship missiles.
The cruiser - which became the flagship of the Black Sea Fleet in 2000 - played a key role during Russia's military campaign in Syria, which began in 2015.
Latest Stories
-
NHIA will need GHC57 million annually to fund free dialysis treatment – NHIA CEO
4 mins -
MELPWU signs first-ever Collective Agreement with government
30 mins -
I’ve not been evicted from my home – Tema Central MP refutes ‘unfounded’ reports
31 mins -
After Free SHS, what next? – Alan quizzes and pledges review to empower graduates
1 hour -
Wontumi FM’s Oheneba Asiedu granted bail
1 hour -
Alan promises to amend the Constitution to limit presidential powers
2 hours -
Ghana to face liquidity pressures in 2025, 2026 despite restructuring most of its debt – Fitch
2 hours -
NPP’s record of delivering on promises is unmatched – Bawumia
2 hours -
Mahama: It’s time to dismiss the incompetent NPP government
2 hours -
Today’s front pages: Monday, November 25, 2024
2 hours -
T-bill auction: Government misses target again; interest rates continue to rise
2 hours -
We have a bad technical team; Otto Addo and his team should go – Ernest Thompson
3 hours -
Hindsight: Why Accra Lions’ present problems do not define them
4 hours -
10-year-old Lisa Laryea arrives at Wits Donald Gordon Hospital in South Africa for bone marrow transplant
4 hours -
23 ambassadors inducted to take on 2025 GSTEP Challenge in three regions
5 hours