Israel has tried to remain neutral in the conflict between Russia and Ukraine because Russia has leverage against Israel due to being an ally of the Syrian government, an adversary of Israel.
That may change as there are voices in Israel's ruling Likud party that are favor in a radical turn in Israel's policy on Ukraine and Russia. Israel's defense industry is very advanced and Israel has massive stockpiles.
The opposing sides of a potential world war seem to be shaping up: Russia, Iran, North Korea and China vs. NATO, South Korea, Japan, Australia, New Zealand, Israel and the Philippines. I don't see the likelihood of a full-blown world war very high, though. Such a war would be extraordinarily dangerous to the entire world due to the large number of strategic nuclear weapons possessed by each side.
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