An aging Yak-42 plane carrying three-times Russian champion ice hockey team Lokomotiv Yaroslavl including several former and current NHL stars crashed on Wednesday near Yaroslavl, 300 kilometres (185 miles) northeast of Moscow.
The crash occurred on the eve of a scheduled visit by Medvedev to the city to address a political conference, but now the Russian leader is also planning to tour the site of the country's latest transportation catastrophe.
The 18-year-old plane with 45 people aboard crashed shortly after take-off into a river in the small village of Tunoshna. The plane was headed to the Belarussian capital Minsk where the team were to play their season opening game.
By Thursday morning dozens of divers have pulled all 43 bodies out of the water, a spokeswoman for the local emergencies services told AFP.
The two survivors -- player Alexander Galimov and crew member Alexander Sizov -- were in a grave condition.
"They are still alive," said the spokeswoman, noting that Galimov received horrific burns to 90 per cent of his body.
Sizov was hospitalised with injuries and burns to 15 per cent of his body, she said.
Russians across the country mourned the loss of some of the country's best sports talent and decried the country's disastrous record of air safety.
"Lokomotiv was one of Russia's strongest and most beloved teams," said broadsheet Kommersant.
"Tragedy in Russia and in world hockey," echoed opposition newspaper Novaya Gazeta.
"Another black day in Russia's modern shameful history," actor Alexei Devotchenko wrote in a blog.
"Never in my life have I seen so many weeping men," said Lyudmila Shabuyeva, a correspondent with popular Echo of Moscow radio station in Yaroslavl where authorities announced a three-day mourning period.
In a grim twist of fate, Medveded had been set to address the annual two-day political conference at Lokomotiv's hockey arena, which has now become a sombre vigil site with thousands of fans placing heaps of roses and team scarves there.
Russia's latest crash forced the Kremlin to change Medvedev's plans for the conference, saying the president would tour the scene of the disaster and hold an emergency meeting instead.
At the conference designed to tout Russia's economic and political clout the Kremlin chief was also scheduled to meet with Turkish President Abdullah Gul and UNESCO Director-General Irina Bokova.
Authorities said on Thursday they were looking into discontinuing flights of Yak-42 planes as they said the disaster might be due to human error or aircraft malfunction.
Among those killed were the team's Canadian coach Brad McCrimmon -- a former assistant with the NHL's Detroit Red Wings -- goalie and former Swedish Olympic champion Stefan Liv as well as Slovak ex-NHL standout Pavol Demitra.
Three Czech stars -- Jan Marek, Josef Vasicek and Karel Rachunek -- were also among the dead.
Thirty-one-year-old center Marek and 32-year-old defenceman Rachunek were world champions from 2010, while the 31-year-old center Vasicek had a world title from 2005.
Latvian hockey star Karlis Skrastins, 37, who had signed with the Russian team after playing with several in the NHL, was also among the dead. German officials named a victim from Germany, Robert Dietrich.
The latest disaster comes on the heels of a summer full of deadly transportation mishaps.
Two accidents involving Tu-134 and An-24 jets killed more than 50 people and prompted Medvedev to call for that type of the aircraft to be retired in the coming months.
That move was followed by a series of smaller air accidents as well as a Volga River boat sinking that killed 122 people out on a pleasure cruise.
Several subsequent space failures have prompted Russia to ground its most famous rockets in a move that now threatens to leave the International Space Station abandoned for the first time in 10 years.