The article is aimed at identifying the structure and content of political values of modern Russian youth, determining their nature in the Russian and global socio-cultural context, as well as opportunities for the formation of a national-state identity. The theoretical and methodological basis of the study is the political and psychological approach. The research methodology included an all-Russian survey of youth on a representative sample and in-depth interviews. The author’s scheme of analysis of the content of value concepts is applied. Based on the analysis of empirical data, the author shows that the most significant political values in the minds of young people are peace, human rights, security, freedom and justice. The least significant political value is nationalism. The content of these values is characterized by fuzziness and uncertainty. The most controversial is the value of justice. Most political values have an external behavioral vector with a medium-low attitude towards action. The youth considers the main subject of the realization of their values to be the state. The political values of youth reflect the traditions of national political culture (paternalistic orientations, the relevance of the idea of justice) and global sociocultural trends (the growing importance of self-expression values). The political values of youth currently have a low identification potential.