The RPG-27 shares a close resemblance to the prior RPG-26 in that it is a man-portable, disposable anti-tank grenade launcher with a single shot capacity.

The RPG-27 fin stabilised round is a 105 mm tandem-charge high-explosive anti-tank (HEAT) warhead with a range of 200 metres (660 ft).

The RShG-1 (Реактивная Штурмовая Граната, Reaktivnaya Shturmovaya Granata, Rocket-propelled Assault Grenade) Tavolga-1 (Таволга-1) is a variant of RPG-27 with thermobaric warhead.

[4] RMG[5][6] is a smaller, multipurpose variant of the RShG-1 that is optimized as a bunker buster and to defeat light vehicles and infantry in cover.

The RMG (Reaktivnaya Mnogotselevaya Granata or "rocket-propelled multi-purpose grenade") rocket launcher was developed by Bazalt in the early 2000s.