The talks between Secretary of State Antony Blinken and Foreign Minister Sergei Lavrov come just 11 days after their deputies met in Geneva and agreed to preserve dialogue amid Russia's build-up of tens of thousands of troops on Ukraine's border.
Unlike the January 10 session, which lasted for nearly eight hours, Blinken and Lavrov are expected to have a concise exchange as they determine whether diplomacy remains possible.
Veteran diplomats who have encountered each other for years, Blinken is known for his unflappable calm and Lavrov for his mordant intensity.
They will meet at the lakeside luxury Hotel President Wilson, named for the US leader whose decisions included intervening against the Bolshevik revolution.
"These are difficult issues we are facing, and resolving them won't be done quickly. I don't expect we'll solve them in Geneva," Blinken said in Geneva.
"But we can advance our mutual understanding", Blinken said, and if Russia de-escalates on the ground, "that can turn us away from this crisis in the weeks ahead".
President Joe Biden bluntly assessed on Wednesday that his counterpart Vladimir Putin is likely to "move in" on Ukraine and warned of a "disaster for Russia".
The United States and its allies have warned of severe economic sanctions for an invasion.
Kremlin spokesman Dmitry Peskov responded that Biden's remarks were destabilising and could "inspire some hotheads in Ukraine with false hopes".
Russia, which already fuels a deadly insurgency in eastern Ukraine that has killed more than 13,000 people since 2014, has demanded guarantees that NATO never accept the former Soviet republic or expand otherwise in Moscow's old sphere.
The United States has declared the idea a "non-starter" and accused Russia of undermining Europe's post-Cold War order by bullying another country into submission.