The Russian side have lost four of their last five games including a 4-1 thrashing in the hands of Paris Saint-Germain in their Champions League opener earlier this month and a defeat to Shakhtar Donetsk in the Ukrainian Cup.
A club statement said: 'Dynamo thanks Yuri Pavlovich Semin for the work he has done and wishes him luck in his future activities.'
The club have not announced a replacement for Semin.
The 65-year-old Russian managed Dynamo Kiev from 2007 to 2009 and returned to the club in late 2010.
Sept. 25, 2012.
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