What do you do upon seeing this traffic sign?

This traffic sign is the German "Yield" sign (Vorfahrt gewähren). It means you must approach cautiously and be ready to stop if necessary. You are required to give the right of way to crossing traffic—vehicles coming from other directions that do not have to yield. This applies regardless of whether you are going straight, turning left, or turning right.

You cannot assume that turning right exempts you from yielding. All crossing traffic from other directions has priority until it is safe for you to proceed. This ensures smooth and safe traffic flow at intersections or junctions where this sign is posted. Always reduce your speed and be prepared to stop as you approach.