The 1994–95 Vyshcha Liha season was the 4th since its establishment. FC Dynamo Kyiv were the defending champions.
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)On 2 October 1994 Evis Mykolaiv changed its name to SC Mykolaiv.During the season, Metalurh Zaporizhia also carried the name Metalurh-Viktor Zaporizhia (after a local entrepreneur Viktor Oharenko).Final standings
Source:
Rules for classification: 1st points; 2nd goal difference; 3rd goal scored
Legend:
Note:
In bold are the participants of the 1995 Ukrainian Cup Final.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.(league appearances and goals listed in brackets)
Note: Players in italic are whose playing position is uncertain.