1994–95 Vyshcha Liha

The 1994–95 Vyshcha Liha season was the 4th since its establishment. FC Dynamo Kyiv were the defending champions.

Promotions

 * Prykarpattia Ivano-Frankivsk, the champion of the 1993–94 Ukrainian First League – (returning after two seasons of absence)
 * Evis Mykolaiv, the runner-up of the 1993–94 Ukrainian First League – (returning after two seasons of absence)

Renamed

 * On 2 October 1994 Evis Mykolaiv changed its name to SC Mykolaiv.
 * During the season, Metalurh Zaporizhzhia also carried the name Metalurh-Viktor Zaporizhzhia (after a local entrepreneur Viktor Oharenko).

Changes
Notes:
 * The new 1994-95 season SC Tavriya Simferopol under leadership of a coach Pavlo Kostin (native of Chornomorske Raion, Crimea). Sometime after the game against Volyn (Round 10) on 23 September 1994 in Simferopol, Kostin (43 years old) perished in a car accident along with his wife. According to some sources (footballfacts.ru), Kostin perished on 15 September 1994.

Medal squads
(league appearances and goals listed in brackets)

Note: Players in italic are whose playing position is uncertain.