The Briton, who is no longer involved in Formula One, also told ITV’s Good Morning Britain that Ukrainian president Volodymyr Zelensky could have ended the Russian invasion of his country by talking to Putin.

British foreign secretary Liz Truss said the comments were “absolutely extraordinary”.

Formula One said in a statement they were “his personal views and are in very stark contrast to the position of the modern values of our sport”.

Ecclestone had warm relations with Putin, establishing the now-cancelled Russian Grand Prix.

“He’s a first-class person and what he’s doing is something that he believes is the right thing he was doing for Russia,” said Ecclestone, who has a history of controversial statements.

“Unfortunately, he’s like a lot of business people, certainly like me, that we make mistakes from time to time and when you’ve made the mistake you have to do the best you can to get out of it.”

Ecclestone noted that Zelensky was a former comedian.

“I think it seems as if he wants to continue that profession,” he said.

“I think if he’d have thought about things, he would definitely have made a big enough effort to speak to Mr Putin, who is a sensible person and would have listened to him and could have probably done something about it.”