The Kremlin said in a statement that the two leaders will discuss bilateral relations, issues related to strategic nuclear stability and other matters, including cooperation in the fight against COVID-19 and regional conflicts.
A White House statement said: “The leaders will discuss the full range of pressing issues as we seek to restore predictability and stability in US-Russian relations. “
But the main focus will be to help tackle the murky state of Moscow-Washington relations, analysts said.
The meeting comes on top of Mr Biden’s first international trip as president next month when he travels to the UK for a G7 meeting and to Brussels for a NATO summit.
Mr Biden first proposed a summit with the Kremlin in April when the United States prepared to impose sanctions on Russian officials for the second time in the first three months of his presidency.
The two met before, in March 2011, when then-Vice President Biden was pictured smiling as he shook hands with then-Prime Minister Putin in Moscow.
The White House has always said it wants a “stable and predictable” relationship with the Kremlin, but has also accused the Russian state of interfering in last year’s US presidential election and a hacking campaign against at least nine agencies. American.
The Biden administration also criticized Russia for imprisoning opposition leader Alexei Navalny and said it was possible that Russian agents offered bounties to the Taliban to attack US troops in Afghanistan.
In March, the Biden administration announced sanctions against several Russian mid-level and top-level officials, companies and other entities, following the August 2020 Novichock attack on Mr Navalny.
But the US president said he was still hopeful that a deal could be reached and refrained from taking more stringent measures to send a message to Mr Putin.
Mr Biden has repeatedly described Russia as the “greatest threat” to US security and revealed weeks after his presidency that he told Mr Putin in their first appeal that he would address relations with the United States. Russia in a distinctly different way from its predecessor Donald Trump.
Last week, Mr Biden spoke with Mr Putin in what White House officials called the first tense exchange.
The president later said: “I made it clear to President Putin, in a very different way from my predecessor, that in the days when the United States turned to Russia’s aggressive actions – interfering with it. our elections, cyber attacks, poisoning its citizens – are over.
“We will not hesitate to increase the costs for Russia and defend our vital interests and our people.”
Kremlin spokesman Dmitry Peskov said Biden’s comments after the call indicated that he “absolutely did not want to improve relations” with Russia and that relations between the United States and the Russia were “very bad”.