Russian Federation will focus on the technology agenda within the framework of the World Economic Forum in Davos this year and participation in a number of new technology development project will be announced at the event, Minister of Economic Development Maxim Oreshkin told reporters on Friday.
The announcement comes after Trump cancelled a planned trip to London earlier this month.
White House Press Secretary Sarah Sanders announced plans for the meeting Friday, saying in an emailed statement that Trump "looks forward to having a bilateral meeting with" May in order to "further strengthen the US-UK Special Relationship".
It was earlier reported that the United States president had not scheduled any time in his itinerary to meet with the British PM following recent tensions between the two leaders.
May was the first foreign leader to visit Mr Trump at the White House, after his inauguration in January 2017.
Mr Trump is the first sitting USA president to attend the forum in the Swiss city since Bill Clinton in 2000, BBC News reports.
May more recently discussed Brexit and events in the Middle East in a pre-Christmas phone call with Trump.
The US president has tweeted that he was unhappy that his predecessor, Barack Obama, had sold the current embassy for "peanuts" in order to build a $1bn (£750m) replacement, calling it a "bad deal".
London mayor Sadiq Khan said Trump had "got the message" from Londoners who considered his policies and actions to be the polar opposite of their city's values of "inclusion, diversity and tolerance".
The reason given for moving the U.S. embassy to Vauxhall was that the current building in Mayfair was too small and modern security was needed.