The stadium was erected in three years by the method of public construction (collective construction), meaning that each big company of Lviv was responsible for construction of its own part of the future stadium. The construction was headed by the third secretary of the Communist Party City Committee, Vasyl Mazur, who also took part in the construction. The architects were Yaroslav Nazarkevych, Larysa Skoryk, Yaroslav Porokhnavets, Volodymyr Blyusyuk. The official debut game took place on August 18, 1963 when the local Karpaty Lviv were playing against the visiting Zalgiris Vilnius. On the 86th minute Ivan Dykovets failed to convert a penalty kick and the game ended in the loss by the home team, 0:1.
In 1990 by the initiative of the president of Karpaty Lviv, Karlo Miklyosh (former member of Ukraina Lwow), the name of stadium was changed to "Ukraina". In 1999 the stadium was renovated in preparation to the Karpaty's participation in the 1999–2000 UEFA Cup, after which the stadium's capacity was reduced to 28,051. In 2007 a new grass pitch was installed at the stadium. Ukraina also has four floodlight towers with lighting power of 1,200 lux.
During Soviet times, it was called Druzhba, which means "friendship."