'This Week' Transcript: Russian President Vladimir Putin

You've put so much into these Olympics going back to 2007, so I wonder now how do you define success in Sochi? And is your personal honor and reputation at stake?

PUTIN (through translator): No, no. You see, I want it to be a success for this nation. What's first and foremost for us, and I've already said that we are hosting these Olympics so that millions of sports fans the world over will feel this celebration even though they are thousands or hundreds of kilometers away from Sochi. It won't be my personal success, that success will belong to this country. And I hope the success will come true.

STEPHANOPOULOS: I was just wondering, do you care to make a friendly bet with President Obama on which country is going to win more medals the U.S. or Russia?

PUTIN (through translator): No, of course not. We never make such bets.

Barack is a huge sports fan. And I can see it. He's in terrific shape and gives it enough of his attention, not just to playing sports, but also to promoting sports. We wish success to our U.S. friends, U.S. athletes.

As far as medals, those two are an important element of any sports even including Olympics. What is even more important to me is to see that our national team is capable, effective and holds promise.

(END VIDEO CLIP)

STEPHANOPOULOS: The other big controversy threatening to overshadow these games, Russia's treatment of its gay citizens and visiting gay athletes. President Putin on that later in the show.

STEPHANOPOULOS: But right now, let's get more on these security threats from the chairman of the House Homeland Security Committee, Congressman Michael McCaul.

He's in Moscow this morning.

Congressman, thank you for joining us.

You saw President Putin confident he's got the situation under control.

Do you share that confidence?

MCCAUL: Well, listen, the -- President Putin is taking this very seriously. About 100,000 security officials have gone down to Sochi, including military forces, special forces. So I think he's taking all the precautions.

This ring of steel that you hear him talking about is to secure the perimeter. That is the airport, the railroad to the mountain and to Sochi.

What I'm most concerned about is the proximity to the terrorists. You heard Brian Ross talk about the two suicide bombers that are associated with Umarov, who is sort of like the bin Laden of the Caucuses, if you will. And remember, the Boston bombers came out of this Dagestan Chechen rebel area.

So I think the threats are real. The IMOEF (ph) basically called for attacks on the Olympics. I think you're going to see attempts to do that.

I think it's more likely that the attacks would probably happen outside the perimeter, more soft targets, transportation modes, if you will.

I'm meeting with the command and control of operations down there in Sochi, leaving tomorrow, to assess the situation. We have 15,000 Americans traveling to Sochi for the Olympics. And I want to do everything I can to make sure it's a safe and successful Olympics.

STEPHANOPOULOS: Do you think you can -- you and other U.S. officials can convince the Russians to accept more assistance from the United States?

MCCAUL: Well, you know, the diplomatic security corps says the cooperation is good. We have two dozen FBI agents.

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