The RPG-7 was first delivered to the Soviet Army in 1961 and deployed at squad level. It replaced the RPG-2, having clearly out-performed the intermediate RPG-4 design during testing. The current model produced by the Russian Federation is the RPG-7V2, capable of firing standard and dual high explosive anti-tank (HEAT) rounds, high explosive/fragmentation, and thermobaric warheads (see below), with a UP-7V sighting device fitted (used in tandem with the standard 2.7× PGO-7 optical sight) to allow the use of extended range ammunition. The RPG-7D3 is the equivalent paratrooper model. Both the RPG-7V2 and RPG-7D3 were adopted by the Russian Ground Forces in 2001.

The launcher is reloadable and based around a steel tube, 40 millimetres in diameter, 95.3 centimetres long, and weighing 7 kilograms. The middle of the tube is wood wrapped to protect the user from heat and the end is flared to assist in blast shielding and recoil reduction.[dubious – discuss] Sighting is usually optical with a back-up iron sight, and passive infra-red and night sights are also available. The launchers designated RPG-7N1 and RPG-7DN1 can thus mount the multi-purpose night vision scope 1PN51 and the launchers designated RPG-7N2 and RPG-7DN2 can mount the multi-purpose night vision scope 1PN58.