State Research and Production Enterprise Bazalt JSC
State Research and Production Enterprise Bazalt JSC (“Bazalt”) is a Russian weapons manufacturer and subsidiary of Rostec which produces a variety of weapons systems including rocket-propelled grenades and anti-tank weapons. The company was sanctioned by OFAC in 2014 and is also included on the CAATSA Section 231 List of Specified Persons.
The company has a number of majority-owned subsidiaries which may rely on global supply chains and financial flows – this broader network could expose your company to sanctions risk.
The information contained in this document is not intended to and does not constitute a legal opinion or advice. Reliance on this information is not necessarily sufficient to avoid any fines and/or penalties. Sayari is not responsible for and does not accept any liability for any errors or omissions contained herein. Reference to any individual, company, organization, or entity herein does not imply any violation of law, regulation, requirement, or agreement, unless specifically stated, and shall not be construed as such.
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