In 1921, he graduated from the Naval Aviation School in Samara and then took training extension courses at the Zhukovsky Air Force Engineering Academy (1929).

In April 1934 he took part in the successful Arctic aerial rescue operation saving people from the sunken steamship Cheliuskin from an improvised airfield on the ice of the Chukchi Sea.

In 1935, Molokov performed an outstanding for that time flight by route Krasnoyarsk-Kirensk-Yakutsk-Nagaevo-Nizhnekolymsk-Uelen and back along the Arctic coast to Arkhangelsk on a Dornier Do J flying boat.

During the German-Soviet War, he was appointed at October 9, 1941 authorized representative of the State Defence Committee on the creation of ALSIB - classified ferrying route for aircraft from Fairbanks to Krasnoyarsk.

Vasily Molokov's son, Valery (born at October 3, 1924), World War II veteran, graduated from Bauman Moscow State Technical University, worked in aerospace industry.