During the speech in Azerbaijan, Turkey’s Prime Minister Ahmet Davutoglu said economic sanctions cannot bring his country to its knees.

- Those who think Turkey can be brought to its knees by economic sanctions are mistaken, he said during a visit to the Diplomatic Academy in Baku.

Davutoglu reiterated that Turkey would not apologize for downing the Russian Su-24 bomber Nov 24, as the country's air forces carried out their duty.

- We will not apologize for the incident, as we protected our boundary, said the Prime Minister and recalled that at the time of the incident the Turkish pilots did not know the plane of what country they attacked.

At the same time Davutoglu once again stated that Turkey stands for an open dialogue with Russia, reported UNIAN.

- There are no problems between the Turkish and Russian peoples. We have always paid special attention to relations with Russia. And we think that now we definitely need to maintain a dialogue, he added.

As reported earlier, Russian President Vladimir Putin claimed that Turkey's decision to down a Russian Su-24 bomber was driven by a desire to conceal alleged oil smuggling from territories controlled by the terrorist group "Islamic State".

Turkish President Recep Tayyip Erdogan, in response, said their government is not so dishonest to buy oil from terrorists.