Russian “oligarch” and Jewish philanthropist Alexander Mashkevich announced on Wednesday his intention to found a Jewish version of Al-Jazeera.

"Every day and every hour people get negative information about Israel," Mashkevich said at the Keren Hayesod - United Israel Appeal conference in Washington D.C. "Therefore, the most important thing is to represent Israel on an international level, with real information."

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Mashkevich plans to found an international, professional news station as a response to unreliable reports on Israel. He says the station will not be a source of propaganda, but will tell the truth.

"I think this idea should be implemented. I already spoke about it several years ago with Israeli government officials and with influential people in the Jewish world, and everyone agrees that such a channel is necessary," he said.

Mashkevich, a native of Kyrgyzstan who became a billionaire through investments in Kazakhstan during perestroika, admitted that founding such a channel would not be simple, because of its high costs, but said that he plans to officially present it in Israel in a few months.

There is a lot of interest in the news channel, the billionaire said, all that's missing is a name.

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