Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,335.30 -19.12 -0.12%
S&P 500 1,666.29 -1.18 -0.07%
Nasdaq 3,496.43 -2.53 -0.07%
Ticker Volume Price Price Delta
STOXX 50 2,824.50 +6.51 0.23%
FTSE 100 6,755.63 +32.57 0.48%
DAX 8,455.83 +57.83 0.69%
Ticker Volume Price Price Delta
Nikkei 15,381.00 +20.21 0.13%
Hang Seng 23,400.80 -92.18 -0.39%
S&P/ASX 200 5,180.10 -28.94 -0.56%

Putin Intends to Sign Russian Bill Banning U.S. Adoptions

President Vladimir Putin said he intends to sign into a law a bill banning U.S. adoptions of Russian children, even as he plans to scrutinize the final draft of the legislation after it was approved by parliament.

Speaking at a government meeting in Moscow today, Putin said he will “weigh everything” in the bill before making a final decision, though he “intends” to sign it into law. The Russian leader also said he’ll sign a presidential decree to allocate additional resources for Russian orphans, especially those battling health problems.

Lawmakers in the upper house of parliament, the Federation Council, voted 143 to zero yesterday in favor of the measure, which was passed by the lower chamber last week. Putin has two weeks to decide whether to endorse it, his spokesman, Dmitry Peskov, was cited as saying by Interfax.

The adoption ban was crafted in retaliation for a bill approved by U.S. lawmakers this month imposing visa restrictions and an asset freeze on Russian officials allegedly linked to the death of lawyer Sergei Magnitsky and other human-rights abuses.

The U.S. has “deep concerns” about the measure, State Department spokesman Patrick Ventrell said today in an e-mailed statement.

“Since 1992, American families have welcomed more than 60,000 Russian children into their homes, and it is misguided to link the fate of children to unrelated political considerations,” he said. “The welfare of children is simply too important to tie to the political aspects of our relationship.”

‘Provocatively Arrogant’

Putin today blamed U.S. authorities for denying access to adopted children for Russian representatives, acting in a “provocatively arrogant” manner and making decisions seen as “legally unfounded” by Russia.

Putin applauded the adoption ban at his annual press conference last week, noting that it couldn’t take effect immediately because a treaty between Russia and the U.S. regulating the process requires a year’s notice to withdraw.

Russia may completely abandon the practice of foreign adoptions after the government approves federal programs to support orphans, Interfax reported today, citing Pavel Astakhov, Russia’s ombudsman for children’s rights.

In Washington, Ventrell said the U.S. is also “deeply troubled” by elements of the bill “that would restrict the ability of Russian civil society organizations to work with American partners.”

“The decades of cooperation between Russian and American NGOs have been beneficial to both our countries and our citizens,” he said in the statement. “We have also been clear that our interaction with Russian civil society has always been non-partisan and transparent.”

To contact the reporter on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Putin Says He Intends to Back Russian Ban of U.S. Adoptions

Russian President Vladimir Putin, right, with Prime Minister Dmitry Medvedev, said Thursday he intends to sign into law a bill banning U.S. adoptions of Russian children. Photographer: Natalia Kolesnikova/AFP/Getty Images

Enlarge image Putin Says He Intends to Back Russian Ban of U.S. Adoptions

Putin Says He Intends to Back Russian Ban of U.S. Adoptions

Putin Says He Intends to Back Russian Ban of U.S. Adoptions

Natalia Kolesnikova/AFP/Getty Images

A woman holds a poster that reads, "We support the bill!" outside the upper house of the parliament ahead of the debate on a bill banning Americans from adopting Russian children.

A woman holds a poster that reads, "We support the bill!" outside the upper house of the parliament ahead of the debate on a bill banning Americans from adopting Russian children. Photographer: Natalia Kolesnikova/AFP/Getty Images

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Personal Finance Best Sellers From Amazon

Key Rates

  • Mortgage
  • Home Equity
  • Savings
  • Auto
  • Credit Cards
Today’s national average mortgage rates. Rates may include points.
Type Today 1 Mo
30 Year Fixed Jumbo 4.00% 3.95%
30 Year Fixed 3.67% 3.51%
15 Year Fixed 2.80% 2.74%
10 Year Fixed 2.91% 2.97%
30 Year Fixed Refi 3.65% 3.50%
15 Year Fixed Refi 2.80% 2.71%
5/1 ARM 2.60% 2.61%
5/1 ARM Refi 2.60% 2.56%
View rates in your area »

Source: Bankrate.com

Today’s average home equity rates nationwide.
Type Today 1 Mo
$30K HELOC 5.35% 5.24%
$50K HELOC 4.56% 4.60%
$75K HELOC 4.57% 4.54%
$100K HELOC 4.27% 4.27%
$30K Home Equity Loan 5.95% 6.06%
$50K Home Equity Loan 5.97% 6.02%
$75K Home Equity Loan 5.94% 5.98%
$100K Home Equity Loan 5.80% 5.84%
View rates in your area »

Source: Bankrate.com

Today’s average savings rates nationwide.
Type Today 1 Mo
5 Year CD 1.23% 1.21%
2 Year CD 0.70% 0.66%
1 Year CD 0.57% 0.52%
MMA $10K+ 0.47% 0.50%
MMA $50K+ 0.69% 0.71%
MMA Savings Jumbo 0.58% 0.60%
View rates in your area »

Source: Bankrate.com

Today’s average auto loan rates nationwide.
Type Today 1 Mo
60 Months Used Car 2.98% 2.94%
48 Months Used Car 2.93% 3.12%
36 Months Used Car 2.87% 2.96%
72 Months New Car 2.43% 2.98%
60 Months New Car 2.53% 2.68%
48 Months New Car 2.44% 2.60%
60 Months Auto Refi 4.16% 4.37%
36 Months Auto Refi 3.61% 3.77%
View rates in your area »

Source: Bankrate.com

Today’s average credit card rates nationwide.
Type Today 1 Mo
Standard Variable 14.12% 14.12%
Standard Fixed 13.23% 13.23%
Gold Variable 12.70% 12.70%
Gold Fixed 11.99% 11.99%
Platinum Variable 15.53% 15.46%
Platinum Fixed 12.70% 12.70%
View rates in your area »

Source: Bankrate.com