Vladimir Putin has warned that the “traumatic effect” of Britain’s vote to leave the European Union will last a long time.

“What I would like to stress in this respect is that Brexit is the choice Britain’s people have made and we have not and will not interfere in this process,” the Russian President told a meeting of ambassadors and envoys.

“However, we will follow these developments closely of course, follow the talks between London and Brussels and the potential consequences for Europe and for all of us.

“It is clear that this referendum’s traumatic effect will make itself felt for a long time yet. We will see how they all put democratic principles into practice.”

Is Brexit good for Russia?

Some European politicians have called for the UK to implement Article 50 and start the process of leaving the EU immediately but the move has not yet been debated in the Houses of Parliament.

The narrow margin in last week's vote sparked calls for a second referendum by Remain voters but the Prime Minister said the result was final and would be respected.

Speaking in Moscow on Thursday, Mr Putin noted that the EU was “not having an easy time right now” but predicted that instability in “rattled” markets would be resolved in the medium term.

Russia hopes to establish a “common economic and humanitarian space” in co-operation with Europe and will work with the next American President, whether Donald Trump or Hillary Clinton win the contest, he added.

Mr Putin also called for Russian diplomacy to take “a more active part” in current conflicts, including the Syrian civil war, as well as fighting terrorism and protesting national interests.

Brexit reactions – in pictures Show all 10 1 /10 Brexit reactions – in pictures Brexit reactions – in pictures Supporters of the Stronger In campaign look at their phones after hearing results in the EU referendum at London's Royal Festival Hall AP Brexit reactions – in pictures Leave supporters cheer results at a Leave.eu party after polling stations closed in the Referendum on the European Union in London Reuters Brexit reactions – in pictures Mr Cameron announces his resignation to supporters Getty Brexit reactions – in pictures Donald Tusk proposes that the 27 remaining EU member states ‘start a wider reflection on the future of our union’ Getty Brexit reactions – in pictures Ukip leader Nigel Farage greets his supporters on College Green in Westminster, after Britain voted to leave the European Union PA Brexit reactions – in pictures Supporters of the Stronger In Campaign react as referendum results are announced today Getty Brexit reactions – in pictures Boris Johnson leaves his home today to discover a crowd of waiting journalists and police officers Getty Brexit reactions – in pictures Leave EU supporters celebrate as they watch the British EU Referendum results being televised at Millbank Tower in London Rex Brexit reactions – in pictures Supporters of the Stronger In Campaign react as results of the EU referendum are announced at the Royal Festival Hall Reuters Brexit reactions – in pictures Supporters of the Stronger In campaign react after hearing results in the EU referendum at London's Royal Festival Hall PA

He hit out against a “growing barrage of information attacks unleashed against Russia” and said it would challenge the “Western media’s information monopoly”.

There has been speculation that the Russian President would relish the prospect of turmoil within the EU amid frosty relations over Ukraine and his intervention in support of Bashar al-Assad.

Speaking at the World Economic Forum last month, David Cameron said: “Who would be happy if we left? Putin might be happy, I suspect al-Baghdadi might be happy.”

Mr Putin responded by saying the claim had “no basis” and were an attempt to influence British voters ahead of the referendum on 23 June.

He slammed the Government’s approach to the election as “nothing more than overconfidence and a superficial approach to solving fateful decisions for one's country” following the shock vote for a Brexit.