New paleomagnetic and magnetostratigraphic data are presented for the stratotype of the Upper Riphean Lopata Formation (Teya River, Yenisei Ridge). The paleomagnetic pole calculated is significantly distinct from the Phanerozoic and Riphean poles of the Siberian Platform and is similar to the Late Vendian–Early Cambrian poles of the Madagascar Group. The stratigraphic range studied is characterized by an anomalously high frequency of geomagnetic inversions (15 zones of magnetic polarity), which is comparable with the inversion frequency of the Late Vendian sections of Baltica. These data, along with previous paleontological findings, indicate an age of the Lopata Formation of 555–540 Ma.