[1] It is awarded for distinguished services to the state and people of the Ukrainian nation in the field of state building, strengthening the international prestige of Ukraine, development of economy, science, education, culture, art, health care, for outstanding charitable, humanistic and public activities.

The insignia of the order was designed by sculptor and professor of the National Academy Of Fine Arts And Architecture Valeriy Shvetsov.

The Decree also approved the Statute of the award and the description of the badge of the Order of the V degree; was commissioned by the Commission on State Awards of Ukraine under the President of Ukraine on a competitive basis to develop a project and description of the insignia of the Order of Prince Yaroslav the Wise I, II, III and IV degree.

At the upper end of the sign is a bracket in the shape of a wreath of oak leaves, on which is superimposed the Old Slavic letter "U" (Ukraine) of blue enamel.

In the middle of the sign there is a round enamel dark blue medallion with a gilded relief image of the profile of Prince Yaroslav the Wise.

The medallion is framed by two rims, between which in a circle covered with white enamel, the inscription "Yaroslav the Wise".

The chain of medals consists of 17 medallions (four – oval with the image of the State Emblem and the State Flag of Ukraine, five – round with the image of the stylized Old Slavic letter "small yus" (the official description erroneously indicates the letter "yat"), eight – round with floral ornament), connected in a certain sequence.

Bandage ribbon – silk moire, with a bow at the thighs, 100 mm wide, blue with yellow stripes at the edges.

In the upper part of the cross, a figured ring is attached to the bracket, through which a ribbon is stretched to wear the badge of the Order on the neck.

As of 1 January 2011, the Order of Prince Yaroslav the Wise I degree awarded at least 46 people, Art.