If so, we still need to follow guidelines from our parent Assa Abloy, a public company from Sweden, which has itself a list of restricted countries they are doing business in.

https://help.zerossl.com/hc/en-us/articles/360060119833-Rest...

If they do business in the US they will be expected to comply with US law - this includes their stock being traded on US stock exchanges.

If they don’t have any business in the US and any financial ties to the US they won’t be subject to the sanctions. But I believe it will create issues if they want to enter the US market.