Reports sugget that the three students were attacked and two of them were allegedly murdered.
The incident came to light after a local named Shchedrin informed the police about the incident. Shchedrin is said to have given his apartment on rent to the three students.
All three students are believed to be in their third year of college. Police officials found the third student injured and rushed him to the hospital.
Meanwhile, police officials apprehended two men and a woman, who were found travelling without documents near the Solvak borders.
Police officials have also recovered the passports of the students, and a knife from the crime scene.
Ministry of External Affairs on Monday said the three students were stabbed. "Pranav Shaindilya and Ankur Singh died while Indrajeet Chauhan is recuperating, based on his statement Ukraine police apprehended accused," MEA said.
Indian embassy there taking up the matter related to safety of Indian students strongly with Ukraine, says MEA.