1994–95 Ukrainian Second League

The 1994–95 Ukrainian Second League is the fourth season of 3rd level professional football in Ukraine.

Relegated teams

 * Desna Chernihiv - (debut)
 * Artania Ochakiv - (debut)

Promoted teams

 * Sirius Kryvyi Rih - winner of the Third League (debut)
 * Dynamo Saky - runner-up of the Third League (debut)
 * Viktor Zaporizhzhia - placed third in the Third League (debut)
 * FC Lviv - placed fourth in the Third League (debut)

Renamed teams

 * During the season Ros Bila Tserkva changed its name to Transimpeks-Ros Bila Tserkva
 * During the season Tavriya Kherson changed its name to Vodnyk Kherson
 * During the season Metalurh Kerch changed its name to Okean Kerch
 * During the season Garant Donetsk changed its name to Shakhtar-2 Donetsk

Stadiums
The following stadiums are considered home grounds for the teams in the competition.