He added that such an exchange should not be linked to the implementation of the Minsk agreements on the Ukrainian reconciliation.
"As far as Savchenko is concerned, the situation for us is as simple as it can be – Savchenko has been convicted, and everything else happens accordingly to the Russian legislation. She will serve her sentence. Other decisions can only be made by the head of state. There has been no such decision yet," Peskov said on the TV Tsentr television channel in a program which will be aired Saturday.
Kiev and Wests’s statements on the case of Nadezhda Savchenko are examples of "total Russophobic hysteria," he said.
"I would add this to effects of the total Russophobic hysteria, which is taking place. But, probably, this is a manifestation which does not promote, but on the other hand, makes solution of this issue much more difficult."
On Tuesday, Savchenko received a 22-year prison sentence after being convicted in a Russian court of directing artillery that killed Russian journalists Igor Kornelyuk and Anton Voloshin in eastern Ukraine on June 17, 2014.
On Tuesday, Ukrainian President Petro Poroshenko said Kiev was ready to swap Savchenko for two Russian nationals captured in eastern Ukraine last year while allegedly fighting on the side of the Donbass militia.
Kiev authorities claim that Alexander Aleksandrov and Yevgeni Yerofeev were serving in the Russian military at the time of their capture in the Lugansk region, while the Russian military says both men were not on active duty and traveled to Ukraine on their own volition.