Speaking at a graduation course for the navy in Israeli city of Haifa, Netanyahu said "the world must make certain that he who uses weapons of mass destruction pays a price," reported Xinhua citing a statement released by Israeli Prime Minister Office.
The Russian proposal of placing Syrian chemical weapons under international supervision would be "well received" by Iran, a staunch ally of Damascus, he added.
Israeli President Shimon Peres during the event said that he "trusts" US President Barack Obama and Russian President Vladimir Putin to achieve a "credible and meaningful" deal.
Last week, several hundred reservists were called up for military duty and anti- missile batteries were stationed across northern and central Israel.
On Monday, Russia proposed an initiative over the Syrian crisis, stimulating to secure the chemical stockpiles of the Syrian government under international observation, apparently in a bid to cool down the tension and prevent a possible US military action against Syria.