The tournament was held in Pardubice and Hradec Králové, Czech Republic, from December 25, 2001 to January 4, 2002.

[1] Russia won the gold medal with a 5–4 come-from-behind victory over Canada in the championship game, while Finland won the bronze medal with a 5–1 victory over Switzerland.

France was relegated to Division I for the 2003 World Junior Ice Hockey Championships.

The Division II tournament was played in Zagreb, Croatia between December 30, 2001 and January 3, 2002.

Japan,  Denmark,  Latvia, and  Croatia were promoted to Division I for the 2003 World Junior Ice Hockey Championships.