The declaration of the informal summit follows days after Foreign Secretary Vijay Gokhale and National Security Advisor Ajit Doval held bilateral talks with Foreign Minister of Russia Sergey Lavrov in Moscow.
The statement said, this visit will be an important occasion for the two leaders to exchange views on global matters in a broad and long-term perspective.
"Both leaders will discuss their respective national developmental priorities and bilateral matters", the release said.
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Under the strategic partnership signed between the two nations in 2000, India and Russian Federation have held 18 formal summits so far, the last in St Petersburg where Modi and Putin also interacted with CEOs from both countries, and addressed the St. Petersburg International Economic Forum (SPIEF) together with President Putin.
Russian Federation is also said to be upset with India since New Delhi has in recent years diversified its defence purchases rather than remaining dependent on Moscow.
"This means that attempts to influence the will of the majority of Russian citizens to keep Vladimir Putin the head of the state were made well before the worldwide political crisis of 2014, Donald Trump's election as president of the United States, and making Russia an official enemy of the collective West in a U.S. federal law". Modi and Putin last met in Russian Federation a year ago.
At the same time, India has become entwined into the fracas between Moscow and Washington with concerns that Indian purchase of S-400 missile defence system would trigger USA sanctions related to CAATSA (Countering America's Adversaries Through Sanctions Act of 2017).
The visit comes at a time when India's defence purchase from Russian Federation could be impacted due to United States sanctions under a newly enacted law, Countering America's Adversaries through Sanctions Act (CAATSA). Putin was sworn in for the fourth time as a Russian president.