The Federation Cup 1994–95 was the first edition of the IIHF Federation Cup. The season started on November 11, 1994, and finished on December 29, 1994.
The tournament was won by Salavat Yulaev Ufa, who beat HC Pardubice in the final.
First stage
editGroup A
editGroup A Semifinals
edit| Team #1 | Score | Team #2 |
|---|---|---|
Salavat Yulaev Ufa 
|
21:1 |  KHL Medveščak Zagreb
|
KS Unia Oświęcim 
|
3:2 |  Alba Volán Székesfehérvár
|
Group A Third Place
edit| Team #1 | Score | Team #2 |
|---|---|---|
| Alba Volán Székesfehérvár
|
13:2 | KHL Medveščak Zagreb
|
Group A Final
edit| Team #1 | Score | Team #2 |
|---|---|---|
| KS Unia Oświęcim
|
2:10 | Salavat Yulaev Ufa
|
Group B
editGroup B Semifinals
edit| Team #1 | Score | Team #2 |
|---|---|---|
HC Pardubice 
|
12:2 |  HK Polytekhnic Kiev
|
ŠKP Poprad 
|
20:1 |  SC Miercurea Ciuc
|
Group B Third Place
edit| Team #1 | Score | Team #2 |
|---|---|---|
| HK Polytekhnic Kiev
|
6:5 | SC Miercurea Ciuc
|
Group B Final
edit| Team #1 | Score | Team #2 |
|---|---|---|
| ŠKP Poprad
|
4:5 | HC Pardubice
|
Group C
editGroup C Semifinals
edit| Team #1 | Score | Team #2 |
|---|---|---|
HK Bulat Temirtau 
|
12:1 |  HC Levski Sofia
|
HK Partizan 
|
5:1 | HK Vojvodina
|
Group C Third Place
edit| Team #1 | Score | Team #2 |
|---|---|---|
| HK Vojvodina
|
2:4 | HC Levski Sofia
|
Group C Final
edit| Team #1 | Score | Team #2 |
|---|---|---|
| HK Partizan
|
4:2 | HK Bulat Temirtau
|
HDD Olimpija Ljubljana : bye
Final stage
editSemifinals
edit| Team #1 | Score | Team #2 |
|---|---|---|
| HC Pardubice
|
6:1 | HK Partizan
|
| HDD Olimpija Ljubljana
|
1:7 | Salavat Yulaev Ufa
|
Third place match
edit| Team #1 | Score | Team #2 |
|---|---|---|
| HDD Olimpija Ljubljana
|
12:0 | HK Partizan
|
Final
edit| Team #1 | Score | Team #2 |
|---|---|---|
| Salavat Yulaev Ufa
|
4:1 | HC Pardubice
|