Dynamo sacked coach Yuri Semin on Monday after losing four of their last five games, including a 4-1 thrashing by Paris Saint-Germain in their Champions League opener earlier this month and a defeat to Shakhtar Donetsk in the Ukrainian Cup.
Blokhin, 59, was a striker for Dynamo in the Soviet era. He took over the national team just months before Ukraine co-hosted June's European Championship where they were eliminated from a group which also featured England, France and Sweden.
Blokhin will job-share for the time being and will still be in charge of Ukraine for the next two World Cup qualifiers against Moldova and Montenegro next month.
- Shakhtar Donetsk
- Yuri Semin