The main event started on September 26, 1994, with the round of 32 and concluded with the final game on May 28.
Two clubs withdrew from the competition: Lokomotyv Konotop and Shakhtar Horlivka.
The cup holder Chornomorets Odesa was eliminated on away goal rule by Shakhtar Donetsk in semifinals.
During this round couple of the Premier League clubs were eliminated, without even making it to the main event.
Note, Skrypnyk (Dnipro) started the penalty shootout.