"The year's final diplomatic sojourn: PM @narendramodi embarks for Moscow for the 16th Annual Summit," external affairs ministry spokesman Vikas Swarup tweeted.
"PM @narendramodi leaves for Russia. Talks, meeting investors and people to people ties are the focus areas," PMO India stated in a separate tweet.
During the visit, a raft of agreements spanning a broad spectrum of sectors are expected to be signed between the two countries with trade being a major focus area.
Modi will also meet members of the Indian community in Russia.