"First of all, relations between Switzerland and the United Kingdom must be reshaped. However, that will happen not today in the morning, but only after the leaving treaty will enter into force – presumably, in about two years," Schneider-Ammann said.
Schneider-Ammann also said that Brexit would result in uncertainty related to the economic development of Europe.
"That will also have a negative impact on the Swiss economy: it will also complicate search for solution with the European Union on the migration issue," he said.
The Swiss president added that Switzerland would not assess the UK decision to leave the European Union as it was a sovereign decision of the British people.
On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.
