An important problem in modern dairy cattle breeding is the achievement of a high level of genetic progress in economically important traits through the implementation of effective breeding programs. For this purpose, genomic selection is currently used in many countries of the world. The aim of the study was to investigate possibilities of use of genomic selection in dairy cattle breeding in Ukraine. On the basis of analysis of “Catalogue of sires of dairy and dual-purpose breeds for reproduction of cows in 2020” (sperm of these sires was used in Ukraine) two methods of breeding value estimation were compared: 1) traditional method based on pedigree and performance of progeny; 2) genomic method based on effects of SNPs. Considerable advantage of sires with genomic evaluations was proved. These sires excel sires with traditional evaluation for milk yield by 1.6 times, for fat percentage by 2.2 times, for fat yield by 1.7 times, for protein percentage by 2.1 times and for protein yield by 1.7 times. Using estimates of breeding values of sires pare-wise genetic correlations between main genetic traits were computed. The negative genetic relationship between milk yield and fat and protein percentages was revealed. Values of energy corrected milk (ECM) of daughters and dams of sires across breeds and countries of origin were calculated. It was shown that dams of sires of Holstein and Jersey breeds had highest values of energy corrected milk (9,132.0 kg and 8,041 kg, respectively) while dams of sires of Ukrainian Black-and-White dairy breed had lowest values of this trait (5,848.1 kg). According to country-of-origin daughters of sire’s form USA, Canada and the Netherlands had highest values of energy corrected milk. Values of response to selection using traditional breeding program and genomic selection were compared. It was proved that by means of shortening generation intervals on pathways of genetic improvement “sires of bulls”, “sires of cows” and “dams of bulls” using genomic selection it is possible to increase rate of genetic progress for milk yield from 100.1 kg to 180.0 kg that is by 80%