Abstract: The author studies such aspects of the topic as political cooperation between Thailand and Russia from 2014 till present. The concepts of national interests, the balance of power and neoliberalism are used as the analytical framework of the study. The current bilateral cooperation has positive dynamics in the political field which is demonstrated by the visits of the heads of government since 2015. These visits have led to the development of cooperation for the both countries in all aspects and dimensions. However, the political leverage hasn’t achieved the optimum level, and the cooperation between the two states faces particular problems. The author outlines some of them: first of all, political instability in Thailand affects cooperation. Several transformations in the government of Thailand, which had taken place from 2006 till 2014, as well as domestic problems caused by the coup, have affected the foreign policy of the country. The author arrives at the conclusion that the main factors, influencing Thailand-Russia relations, are the political and diplomatic mechanisms. High-level visits and bilateral discussions help deepen and strengthen the connections between the two states. Nevertheless, these relations will not progress if Thailand fails to solve its domestic problems.