Ecclestone met with Putin to conclude a deal for the Russian Grand Prix, which will see Winter Olympics host city Sochi stage a Formula 1 race for the very first time this October.
And in an interview with CNN Ecclestone stated that he felt Putin’s policies on gay rights had been misrepresented.
"He hasn't said he doesn't agree [with homosexuality] just that he doesn't want these things publicized to an audience under the age of 18," Ecclestone told CNN.
"I completely agree with those sentiments and if you took a world census you'd find 90% of the world agree with it as well.
"I've great admiration for him and his courage to say what he says," he continued.
"[It] may upset a few people but that's how the world is. It's how he sees [the world] and I think he's completely right."
On Thursday Ecclestone was victorious in his multi-million pound high court case with Constantin Medien.