The 2011 Channel One Cup was played between 15–18 December 2011, during the 2011 European Trophy playoffs. The Czech Republic, Finland, Sweden and Russia played a round-robin for a total of three games per team and six games in total. Five of the matches were played in the Megasport Arena in Moscow, Russia, and one match in the ČEZ Stadion Chomutov in Chomutov, Czech Republic. Sweden won the tournament, which was part of Euro Hockey Tour 2011–12.