ANKARA - Ankara and Moscow share mutual interests in their bilateral relations, including Russia's economic interests from Turkey, the Turkish Prime Minister AhmetDavutoglu said on Sunday over Russia's decision to impose economic sanctions on Turkey.

"Relations between Turkey and Russia are in a structure based on mutual interests. Turkey is not having one sided interests from Russia. Russia also has economic interests from Turkey. On many areas, we have common interests and neighboring relations," Davutoglu told a press conference in Ankara Esenboga Airport before leaving for a EU-Turkey summit.

The Turkish leader said that the country has set up a coordination committee headed by minister of economy to handle outcomes of crisis with Russia.

Russia is Turkey's seventh largest export and import partner. In 2014, Turkish exports to Russia stood at 5.9 billion U.S. dollars, while its imports from Russia -- mainly natural gas and oil -- stood at 25 billion U.S. dollars.

Turkey exported 20 percent of its foodstuff industry to Russia,  in addition to 15 percent of its textile exports.

Turkey's priority is to "keep dialogue channels open" with Russia, and to avoid similar tensions due to military operations in Syria, he said.

Davutoglu reiterated that Turkey used its right to defend its airspace which is "in line with international law," but not intentionally targeted Russian warplane.

Earlier, Ankara said it did not know that it was a Russian warplane before it was shot down by Turkish air force, and stressed that it warned the war jet of violating Turkey's airspace. (Xinhua)