The competition was won by PAOK Bravo in a two-legged final against the Italian League club Stefanel Trieste.

Federal Republic of Yugoslavia's entrants were unable to participate for the second season in a row due to the UN economic sanctions.

The two best placed teams from the groups formed quarterfinal knockout round (x pairings with home and away games).

The labels in the parentheses show how each team qualified for the place of its starting round: * & ** Spartak Lugansk and Gravelines withdrew before the first leg and their rivals received a forfeit (20–0) in both games.

*** Nová huť Ostrava didn't travel to Russia to play the second leg and Stroitel Samara received a forfeit (20–0) in this game.