The U.S. Senate has postponed plans to impose "hellish sanctions" on Russia and its trading partners because of the military conflict between Israel and Iran and the need to pass a massive tax cut bill that President Donald Trump has proposed, according to Semafor.

The deal did not commit Moscow to helping Iran militarily as Putin faces the possibility of losing another Middle East ally.

Russia on Thursday warned the United States not to take military action against Iran, amid speculation over whether Washington would enter the war alongside Israel.- 'Not asked' - Zakharova warned any US military action "would be an extremely dangerous step with truly unpredictable negative consequences".

By Vladimir Soldatkin and Guy Faulconbridge ST PETERSBURG, Russia (Reuters) -Russian President Vladimir Putin on Friday dismissed claims the war in Ukraine is devastating the Russian economy, citing continued growth,