| Competition: | Vyshcha Liha |
| Season: | 1994–95 |
| Winners: | Dynamo Kyiv 3rd title |
| Relegated: | Temp Shepetivka, Veres Rivne |
| Continentalcup1: | Champions League |
| Continentalcup1 Qualifiers: | Dynamo Kyiv |
| Continentalcup2: | Cup Winners' Cup |
| Continentalcup2 Qualifiers: | Shakhtar Donetsk |
| Continentalcup3: | UEFA Cup |
| Continentalcup3 Qualifiers: | Chornomorets Odesa |
| League Topscorer: | (21) Arsen Avakov (Torpedo) |
| Prevseason: | 1993–94 |
| Nextseason: | 1995–96 |
The 1994–95 Vyshcha Liha season was the 4th since its establishment. FC Dynamo Kyiv were the defending champions.
| Club | Coach | Replaced Coach | Home stadium | |
|---|---|---|---|---|
| FC Dynamo Kyiv |  Mykola Pavlov | Yozhef Sabo 17 games Volodymyr Onyschenko 5 games | Republican Stadium | |
| FC Chornomorets Odesa | Leonid Buriak | Black Sea Shipping Stadium | ||
| FC Dnipro Dnipropetrovsk |  Bernd Stange | Mykola Pavlov 17 games Oleksandr Lysenko 6 games | Meteor Stadium | |
| FC Shakhtar Donetsk | Vladimir Salkov | Valery Yaremchenko 17 games | Shakhtar Stadium | |
| SC Tavriya Simferopol | Anatoliy Zayaev | Pavlo Kostin 10 games Andriy Cheremysin 7 games Vitaliy Shalychev 10 games | Lokomotyv Stadium | |
| FC Kryvbas Kryvyi Rih | Yuriy Koval |  Volodymyr Brukhtiy 4 games Anatoliy Bida 1 game Viktor Kuznetsov 17 games Valentyn Laktionov 3 games | Metalurh Stadium | |
| FC Torpedo Zaporizhzhia | Ihor Nadein | AvtoZAZ Stadium | ||
| FC Karpaty Lviv | Myron Markevych | Ukraina Stadium | ||
| FC Metalurh Zaporizhzhia | Oleksandr Tomakh | Anatoliy Kuksov 7 games | Metalurh Stadium | |
| FC Kremin Kremenchuk | Tiberiy Korponay | Evhen Rudakov 4 games | Dnipro Stadium | |
| FC Prykarpattia Ivano-Frankivsk | Ihor Yurchenko | Elektron Stadium | ||
| FC Nyva Ternopil | Ihor Yavorskyi | Valeriy Dushkov 11 games | City Stadium | |
| SC Mykolaiv | Yevhen Kucherevskyi | Valery Zhuravko 10 games Leonid Koltun 1 game | Central City Stadium | |
| FC Nyva Vinnytsia | Serhiy Morozov | Oleksandr Bobaryko 22 games Yuriy Koval 2 games | Central City Stadium | |
| FC Volyn Lutsk | Vitaliy Kvartsyanyi | Roman Pokora 8 games | Avanhard Stadium | |
| FC Zorya-MALS | Oleksandr Zhuravliov | Volodymyr Kobzarev 17 games Yuriy Sevastyanov 3 games Anatoliy Korshykov 3 games | Avanhard Stadium | |
| FC Temp Shepetivka |  Revaz Dzodzuashvili | Leonid Tkachenko 16 games Stanislav Bernykov 8 games | Temp Stadium | |
| FC Veres Rivne | Mykhailo Fomenko | Vyacheslav Kobyletskyi 16 games Orest Bal 5 games Ivan Krasnetskyi(7 games) | Avanhard Stadium |
| Team | Outgoing head coach | Manner of departure | Date of vacancy | Table | Incoming head coach | Date of appointment | Table | |
|---|---|---|---|---|---|---|---|---|
| FC Chornomorets Odesa | Viktor Prokopenko | pre-season | Leonid Buriak | pre-season | ||||
| FC Nyva Ternopil | Leonid Buriak | pre-season | Valeriy Dushkov | pre-season | ||||
| FC Nyva Vinnytsia | Yukhym Shkolnykov | pre-season | Oleksandr Bobaryko | pre-season | ||||
| FC Kremin Kremenchuk | Yevhen Rudakov | July 1994 | Tiberiy Korponay | 1 August 1994 | ||||
| SC Tavriya Simferopol | Pavlo Kostin | Perished in car accident | end of September | Andriy Cheremysin (interim) | 3 October 1994 | |||
| SC Tavriya Simferopol | Andriy Cheremysin (interim) | Mutual consent | winter break | Vitaliy Shalychev | February 1995 | |||
| SC Tavriya Simferopol | Vitaliy Shalychev | May 1995 | Anatoliy Zayaev | May 1995 |
Notes:
| Rank | Player | Club | Goals (Pen.) | |
|---|---|---|---|---|
| 1 |  Arsen Avakov | Torpedo Zaporizhzhia | 21 (6) | |
| 2 | Oleksiy Antyukhin | Tavriya Simferopol | 18 | |
| 3 | Oleksandr Haidash | Tavriya Simferopol | 17 | |
| Victor Leonenko | Dynamo Kyiv | 17 (1) | ||
| 5 | Ihor Petrov | Shakhtar Donetsk | 14 (5) | |
| 6 | Mikhail Potskhveria | Zorya / Metalurh | 13 | |
| 7 | Timerlan Huseinov | Chornomorets Odesa | 12 | |
| Andrei Fedkov | Kremin Kremenchuk | 12 (1) | ||
| 9 | Ruslan Zabranskyi | Mykolaiv | 11 (1) | |
| 10 | Ivan Korponay | Kremin Kremenchuk | 10 |
(league appearances and goals listed in brackets)
| align=center width=700 | 1. FC Dynamo Kyiv | |
| align=left width=700 | Goalkeepers: Oleksandr Shovkovskyi (25 / -15), Valeriy Vorobiov (7 / -8), Andriy Kovtun (3 / -1). Defenders: Vladyslav Vashchuk (31 / 3), Oleh Luzhnyi (24 / 4), Serhiy Lezhentsev (24), Andriy Khomyn (21 / 2), Yuriy Dmytrulin (17 / 1), Serhiy Shmatovalenko (14), Serhiy Bezhenar (13 / 1), Andriy Annenkov (3). Midfielders: Vitaliy Kosovsky (27 / 6), Dmytro Mykhailenko (25 / 5), Serhiy Mizin (20 / 5), Yevhen Pokhlebayev (17 / 3), Serhiy Kovalets (17 / 2), Yuriy Kalitvintsev (14 / 2), Yuriy Maksymov (11 / 5), Volodymyr Sharan (11 / 2), Dmytro Topchiyev (2), Maksim Demenko (1), Vladyslav Prudius (1). Forwards: Serhii Rebrov (24 / 8), Pavlo Shkapenko (24 / 8), Viktor Leonenko (20 / 17), Serhiy Konovalov (17 / 5), Andriy Shevchenko (17 / 1), Serhiy Skachenko (16 / 3), Oleksandr Pryzetko (13 / 1), Mikheil Jishkariani (8 / 3), Naser al-Sohi (1).Manager: Yozhef Sabo (first half), Volodymyr Onyshchenko, Mykola Pavlov (second half). Transferred out during the season: Oleksandr Pryzetko (to Dinamo-Gazovik), Maksim Demenko (to Lada Togliatti), Serhiy Kovalets (to Dnipro Dnipropetrovsk), Volodymyr Sharan (to Dnipro Dnipropetrovsk), Mikheil Jishkariani (to CSKA-Borysfen), Valeriy Vorobiov (to CSKA-Borysfen), Dmytro Topchiyev (to CSKA-Borysfen), Vladyslav Prudius (to CSKA-Borysfen). | |
| align=center width=700 | 2. FC Chornomorets Odesa | |
| align=left width=700 | Goalkeepers: Oleh Suslov (34 / -27), Vadym Vinokurov (2 / -2). Defenders: Yuriy Bukel (29), Andriy Telesnenko (28 / 1), Vladislav Ternavsky (16 / 1), Yuriy Smotrych (10), Denys Kolchyn (8), Vitaliy Skysh (5), Oleksiy Cherednyk (3), Serhiy Bulyhin-Shramko (2). Midfielders: Dmytro Parfyonov (33 / 6), Ihor Zhabchenko (32 / 7), Yuriy Sak (23 / 5), Vitaliy Kolesnychenko (21 / 2), Andrei Gashkin (20 / 5), Oleksandr Spivak (19), Oleksandr Horshkov (18), Ihor Korniyets (16 / 1), Yuriy Seleznyov (13 / 2), Ruslan Romanchuk (12 / 2), Oleksandr Nikiforov (9), Oleksandr Zotov (8 / 3), Vyacheslav Yeremeyev (7), Viktor Yablonskyi (5 / 1), Vladyslav Zubkov (4), Viktor Bohatyr (3). Forwards: Tymerlan Huseinov (29 / 12), Volodymyr Musolitin (19 / 3), Vitaliy Parakhnevych (13 / 4), Vasyl Kardash (13 / 2), Oleh Mochulyak (8 / 2), Kostyantyn Kulyk (5 / 2). Manager: Leonid Buriak. Transferred out during the season: ?. | |
| align=center width=700 | 3. FC Dnipro Dnipropetrovsk | |
| align=left width=700 | Goalkeepers: Mykola Medin (19 / -13), Svyatoslav Syrota (16 / -17),  Konstantin Ledovskikh (1 / -3).Defenders: Viktor Skrypnyk (31 / 8), Volodymyr Bahmut (30 / 1), Volodymyr Horily (25), Serhiy Diryavka (19), Serhiy Bezhenar (17 / 3), Dmytro Yakovenko (17), Oleksandr Chervonyi (7), Hennadiy Kozar (7), Yevhen Dmitriyev (6), Andriy Yudin (6), Oleksiy Kuptsov (3), Albert Shakhov (2), Serhiy Bilokin (1), Serhiy Zadorozhnyi (1). Midfielders: Andriy Polunin (31 / 7), Aleksandr Zakharov (25 / 1), Valentyn Moskvyn (17 / 2), Serhiy Kovalets (15 / 3), Dmytro Topchiyev (15 / 3), Yevhen Pokhlebayev (15 / 2), Ihor Plotko (15 / 1), Volodymyr Sharan (14 / 2), Yuriy Maksymov (13 / 4), Serhiy Dumenko (9 / 1), Serhiy Chornyi (3). Forwards: Borys Finkel (29 / 9), Serhiy Konovalov (17 / 3), Oleksandr Palyanytsia (13 / 6), Oleh Taran (7 / 1), Andriy Kotyuk (6), Andreas Sassen (6), Serhiy Chuichenko (4). Manager: Mykola Pavlov (first half), Oleksandr Lysenko, Bernd Stange (second half). Transferred out during the season: Serhiy Bezhenar (to Dynamo Kyiv), Serhiy Konovalov (to Dynamo Kyiv), Yevhen Pokhlebayev (to Dynamo Kyiv), Yuriy Maksymov (to Dynamo Kyiv). |
Note: Players in italic are whose playing position is uncertain.