According to eyewitnesses, the bus swerved into a pedestrian area, where people were walking.
The incident was caught on CCTV and the footage of the accident was posted on social media showing a bus veering off the road and plunging down the steps of a pedestrian underpass, crushing several people beneath its wheels.
Moscow police said both passengers and passers-by were killed. The driver of the bus has been detained.
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"Despite his attempts to stop the bus, the breaking system did not work and the bus continued moving", it said.
Police have said in a statement that "two versions are being examined: the driver failed to manage the vehicle or a malfunction of the vehicle".
Another angle shows the bus seemingly stationary on the side of a snowy road before it appears to pull away in the direction of the metro station.
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The crash happened on one of the busiest streets in Moscow near the Slavyanksy Boulevard metro station, Reuters reported.
The emergencies ministry said helicopters had been dispatched to the scene to help evacuate the victims.
Moscow Mayor Sergei Sobyanin tweeted: "There are dead and wounded".
Kohli back for South Africa series, Thakur and Shami recalled
Jasprit Bumrah , Bhuvneshwar Kumar , Mohammad Shami and Shardul Thakur complete the pace attack with Hardik Pandya as the back-up. The fact that he was impressive the last time around India toured South Africa must have gone in favour of him.
Sobyanin also visited the scene, telling journalists he had ordered a full inspection of the entire Moscow bus fleet.
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