US President Joe Biden and Russia's President Vladimir Putin will hold their first summit next month in Geneva, both sides said Tuesday, setting the stage for a new chapter in their fraught relationship.

The meeting in the Swiss city will be on June 16, White House Press Secretary Jen Psaki said.

"The leaders will discuss the full range of pressing issues, as we seek to restore predictability and stability to the US-Russia relationship," she said.

The Kremlin confirmed the summit details and said in a statement that Putin and Biden would be discussing "issues of strategic stability," as well as "resolving regional conflicts" and the Covid-19 pandemic.

Biden, making his first international trip as president, will go to Geneva immediately after separate summits with his key Western allies in the G7, NATO and the European Union.

The face-to-face meeting with the Kremlin leader comes amid levels of tension not seen for years, with Washington now dialling back its ambitions to little more than establishing a relationship in which both sides understand each other and can work together in specific areas.

Since taking office, Biden has launched new sanctions against Moscow over what US authorities say was the Russian role in the massive Solar Winds cyber attack and repeated meddling in the 2020 presidential election.

Washington has also harshly criticized Moscow for the near-death poisoning and subsequent imprisonment of one of the last open opponents to Putin, Alexei Navalny.

And where Biden told an interviewer that he agreed with the description of Putin as a "killer," the Russian government has formally declared the United States to be an "unfriendly" country.

Moves to ease tension

The open recriminations are a long way from the often puzzling relationship between Trump and Putin.

The Geneva summit will come almost three years after Trump famously sided with the Kremlin leader over the US intelligence agencies on the question of whether Moscow interfered in the 2016 US presidential election.

However, both sides are working to calm the waters ahead of the Geneva summit, with the White House emphasizing hopes for working alongside Russia on well-defined strategic issues like nuclear weapons control and the Iran nuclear negotiations.

To prepare the ground, US Secretary of State Antony Blinken and veteran Russian Foreign Minister Sergei Lavrov met last week in Reykjavik, Iceland.

Kremlin spokesman Dmitry Peskov said after the Blinken-Lavrov meeting that repairing ties "will not be easy" but he saw "a positive signal."

Moscow welcomed a US decision to waive sanctions that had been holding up completion of the Nord Stream 2 natural gas pipeline -- a major energy supply route from Russia to Europe that US officials worry will make the EU overdependent on the Russians.