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STOCKHOLM (Reuters) - The wreck of a Soviet submarine lost during World War Two has been found in the Baltic Sea, 71 years after it sank, the Swedish Military said on Monday.

The Swedish Armed Forces said the submarine, believed to have been lost on patrol in late 1941, was found in the Swedish economic zone southeast of the Baltic island of Oland in an area which German forces had mined during the war.

"There is much to indicate that the submarine headed straight into the minefield while on the surface and was blown apart by a mine," the military said in a statement.