Oleg Blokhin on Thursday stepped down as coach of Ukraine after the team`s failure to qualify for Euro 2008, according to local media, according to AFP.
"I decided to resign, together with all of my assistants," Blokhin declared at the meeting of the executive board of Ukraine`s Football Federation.
At the meeting Blokhin, 55, who won 112 caps and scored 42 goals for the Soviet national side and was the 1975 European Footballer of the Year, took the responsibility for his team`s dismal performance in the Euro 2008 qualifying campaign.
Ukraine finished fourth in the qualifying Group B, 12 points behind the group winners Italy and nine points behind the second-placed France.
Blokhin was appointed as Ukraine`s coach in November 2003 and led his team into the 2006 World Cup quarter-finals, where they lost 3-0 to the tournament`s eventual winners Italy.