Treasure Island (Russian: Остров Сокровищ, Ostrov Sokrovishch; Ukrainian: Острів Скарбів, Ostriv Skarbiv) is a 1988 Soviet animated film in two parts based on the 1883 novel with the same name by Robert Louis Stevenson. It was created by order of the USSR State Television and Radio Broadcasting Company by the Ukrainian studio Kievnauchfilm. The film is mostly traditional animation with some live action sequences, which are largely but not entirely separate.

The first part of the film was released in 1986 and the second in 1988, after which the two parts were always displayed together. The film attained a cult classic status almost immediately after release, even though it went directly to TV and never had a theatrical release.

The film won the following awards: Grand Prize in Minsk, 1987; Grand Prize in Kyiv, 1989; 1st Prize on International Cinema Festival of Television films in Czechoslovakia.

An American version of this film called “The Return to Treasure Island” was released direct-to-video in 1992. This version of the film is 34 minutes shorter (episodes with living actors were completely removed) than the Soviet version.[

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