Abstract. Paleomagnetic measurements were performed on sediments drilled from ICDP Site 5011-1 in Lake El'gygytgyn (67°30' N, 172°05' E) located in Far East Russian Arctic. The lake fills partly a crater formed by a meteorite impact 3.58 ± 0.04 Ma ago. Sediments from three parallel cores (5011-1A, 5011-1B and 5011-1C), recovered from the middle part of the lake, yielded a total of 355 m of sediment. Sediments are characterized by variable lithology, where intervals of homogenous and laminated sediments alternate, and mass movement deposits of variable thickness occur frequently along the sediment profile. Mineral magnetic investigation made on sediments enclosed in core catchers suggests that magnetic carrier in these sediments is partly maghemitized Ti-rich pseudo-single domain magnetite. Its detrital origin could be shown by mineral magnetic measurements and SEM-EDS analyses performed on mini-sized cylindrical rock samples, polished rock sections, creek sediments and magnetic extracts prepared from them. The intensity of the natural remanent magnetization (NRM) in the sediments is mainly high with a range from about 1 to 1000 mA m−1. Most of the sediments carry a stable magnetization component interpreted as primary depositional remanent magnetization. Characteristic inclination data show alternating intervals of steep positive and negative inclinations that were used to assign magnetic polarity to the lake sediment profile. This was a rather straightforward procedure owing to the mainly high quality of data. The Matuyama/Gauss (2.608 Ma) and Brunhes/Matuyama (0.780 Ma) reversals were recognized in the sediments. Furthermore, during the Gauss chron the Mammoth and Kaena reversed subchrons, and during the Matuyama, the Olduvai and Jaramillo normal subchrons, as well as the Réunion and Cobb Mountain cryptochrons were identified. Sediment deposition rate is highest at the base of the sequence laid down in the beginning of Gauss chron, when deposition rate is approximately 44 cm kyr−1. Sediment deposition decelerates upcore and it is an order of magnitude lower during the Brunhes chron when compared to that in early the Gauss chron. Decrease in sediment deposition in late Pliocene probably relates to atmospheric and oceanic reorganization heralding the onset of Quaternary climate change. The high-quality magnetostratigraphy reconstructed from Lake El'gygytgyn sediments provides 12 tie-points to pin down the age of the longest paleoclimate record from the continental Arctic.