It declares its aim as the restoration of the monarchy in the country, while transforming it into a modern constitutional one "with full accordance to democratic procedures and current laws", as well as promoting the monarchist conception among Russians and other people of the world.

In Bakov's words, the work on this book, where they were studying the nature of power and summarizing their political experience, led them to these conclusions and resulted in the creation of the party.

Nowadays, most Russians have liberal doctrines installed in their minds that state that a person is master of his destiny, that people can elect power that will accomplish all what it is told to.

[5] In June 2013, the party announced its candidate for the throne: it proclaimed the German Prince Karl Emich of Leiningen who also descends from the House of Romanov and, it is claimed, recently converted to Orthodox Christianity, together with his wife, and thus became a Successor, accepting the Orthodox name Nikolai Kirillovich or Emperor Nicholas III and his wife becoming Ekaterina Fedorovna.

The succession configuration is set up by pre-Revolution Fundamental Laws of the Russian Empire, and the party announced Nikolai Kirillovich as the legal claimant, in accordance with them.

[6] Among Russian monarchists, this attitude is called "Legitimist" and "Cyrillist"—after Cyril Vladimirovich, Grand Duke of Russia, Karl Emich's great-grandfather, and cousin of Nicholas II, who created the Imperial House in emigration, and in 1924 proclaimed himself "Emperor in Exile", and died in 1938 (Bakov believes he was killed).

In early 2016 Bakov announced the Monarchist Party plans to organize a public trial for Lenin and Stalin, accusing them of killing millions of Russians and thus significantly slowing down the normal evolution of society and state.

[7] In early 2014, Bakov announced he views the Russian Throne (See), from the point of international law, as matters of state sovereignty (regardless of any other attributes, referring to analogues with The Holy See).

He outlined that Karl Emich, upon accepting the Orthodox religion, received the right to take up this See according to the pre-Revolution Fundamental Laws of the Russian Empire.

In the report, Bakov emphasized that Karl Emich has been an entrepreneur for a long time, but that from now on, he is barred from performing all non-Throne related activity.

[12] In early 2015, as a follow-up to the International sanctions during the Ukrainian crisis, Bakov told the press there are talks with Montenegro authorities to establish an offshore zone at this plot, aimed at providing financial intermediation to Russian companies.

[13] Also in early 2015, Imperial Throne representatives were in talks with the authorities of the neighboring Republic of Macedonia and Albania on possible collaboration and future state recognition.

[15] Also, talks were held with Macedonian and Montenegro Eastern Orthodox clergy — Bakov discussed the creation of churches associated with the Imperial Throne and proposed the canonization of Russian ancient ruler Ivan III and his wife Sophia Palaiologina.

[19] The party proposes to set up a guard of honour at the Grand Ducal Burial Vault in St. Petersburg where Cyril Vladimirovich together with his spouse are buried, and to assign funds to finish the reconstruction of the complex.

The candidate for mayor was Bakov's 22-year-old daughter Anastasia, a singer and actress living in Moscow who recently graduated from Boris Shchukin Theatre Institute.

In July 2018 Monarchist Party announced it is going to nominate Bakov's son Ilya, a real estate entrepreneur, as a candidate for 2018 Moscow mayoral election.