How will the EU's sanctions against Russia affect Turkey?

This decision, published in the Official Journal of the EU on June 23, 2023, prohibits the import of products processed in third countries that contain iron and steel of Russian origin, whether directly or indirectly. These products are significant inputs for the EU economy, and due to the volume of imports of products derived from this input, a transitional period was granted, ending on September 30. Following this sanction, importers in the EU will request documentation (Mill Test Certificate) from the importer (based in the EU) to verify whether the processed iron and steel products exported to the EU have Russian origin. The ongoing sanctions against Russia by many countries post the Ukraine conflict will directly impact Turkey's exports, given the European Union's status as a major trading partner for Turkey.