Onega stepanovi placed in phylum Proarticulata, as the segments in recently discovered, exceptionally well-preserved fossils display the glide, or "staggered", symmetry characteristic of the majority of proarticulatans. Imprints of "Onega stepanovi" have been found in the Verkhovka and Zimnie Gory Formations of the Ediacaran (Vendian) rocks of the Arkhangelsk Region, Russia. All the fossil specimens are negative imprints on the bases of fine-grained sandstone beds with the "elephant skin" and tubercle texture diagnostic of microbial mats. The same bedding planes contain various other Ediacaran species: "Cyclomedusa", "Ediacaria", palaeopascichnids, "Eoporpita", "Yorgia", "Andiva", "Archaeaspinus", "Vendia", "Dickinsonia", "Anfesta", "Albumares", "Tribrachidium", "Kimberella", "Parvancorina", "Charniodiscus" and others.
Lake Onega Common mammals include elks, brown bears, wolves, red foxes, European hares, blue hares, red squirrels, lynxes, pine martens, European badgers, as well as American muskrats and minks which were introduced to the area in the early 20th century. About 200 bird species from 15 families have been observed in the lake basin. Lake Onega features a large variety of fish and water invertebrates, including relicts of the glacial period such as lamprey. There are about 47 fish species from 13 families; they include sturgeon, landlocked salmon, brown trout, European smelt, grayling, roaches, Crucian carp, whitefishes, char, pike, European cisco, common