KIEV, Nov. 1 (Xinhua) -- The sanctions imposed by Russia on hundreds of Ukrainian individuals and dozens of entities would unlikely affect Ukraine's economic stability, a senior central bank official said on Thursday.

"With the regard to the influence on macroeconomic stability, we believe it would have no impact," Kateryna Rozhkova, first deputy governor of the National Bank of Ukraine, told a press briefing in Kiev.

She said most of the 322 targeted individuals are officials who have no business ties with Russia.

Rozhkova added that the central bank needs time to study the potential impact of the sanctions on the Ukrainian economy.

Meanwhile, Deputy Finance Minister Sergii Verlanov told the Interfax-Ukraine news agency that the Ukrainian government will evaluate the economic effect of the restrictive measures within a month.

Earlier in the day, Russian Prime Minister Dmitry Medvedev signed a decree to impose sanctions on Ukraine, which include a freezing of assets controlled by the blacklisted individuals and 68 entities in Russia and a ban on the transfer of their funds from Russia.

Relations between Kiev and Moscow have been deteriorating since early 2014 over Crimea and the armed conflict in eastern Ukraine. Kiev has since imposed a series of sanctions against Russia.