Agalarov was set to launch a four-city US tour Saturday in New York. Looming over the impending engagement was the prospect of his being on US soil and subject to US law enforcement.
Agalarov attorney Scott Balber said talks broke down at the end of last week and the decision to cancel the tour was made Monday.
"It's the only choice we had," Balber said. "I've been endeavoring to engage with the special counsel's office as well as various congressional committees and despite our best effort we haven't been able to reach an agreement on the terms."
The special counsel's office declined to comment.
Agalarov posted an Instagram video about the cancellation Monday saying it was "due to circumstances beyond my control." He made no mention of special counsel Robert Mueller.
Talks between the two sides about possibly doing interviews stopped this past summer but were revived when Agalarov planned on coming to the US for his tour.
Balber said Agalarov wanted to appear voluntarily in his interviews and would not agree to be served with a subpoena for his testimony. Balber did not specify whether it was Mueller or Congress who wanted to subpoena him.
As a Russian citizen, Agalarov is not subject to US jurisdiction. If he agreed to accept a subpoena, Agalarov could open himself up to scrutiny if he failed to fully respond to document and records requests, such as obstruction of justice charges, for instance.
"He has nothing to hide. He wants to tell his story," Balber said.
Mueller's investigators and several congressional committees are interested in speaking with Agalarov because of his role in the June 2016 Trump Tower meeting attended by Donald Trump Jr., his brother-in-law Jared Kushner, then-Trump campaign chairman Paul Manafort and a Russian lawyer promising dirt on Hillary Clinton.
Emin and his father Aras Agalarov, a billionaire Russian real estate developer close to Russian President Vladimir Putin, helped Trump bring the Miss Universe pageant to Moscow in 2013, discussed a partnership to build a Trump Tower there, and supported Trump during the presidential campaign. On the day after the June 2016 meeting, Aras Agalarov sent Trump an expensive painting for his birthday, according to the House report.
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