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 area containing the Kondopozhskaya (, depth up to ), Ilem-Gorskaya (), Lizhemskoy () and Unitskoy () bays. To the southwest of Greater Onega lies Petrozavodskoye Onego () containing the large Petrozavodsk and small Yalguba and Pinguba bays. To the east of Zaonezhye there is a bay, northern part of which is called Povenetsky Bay and the southern part is Zaonezhsky Bay. There, deep sections alternate with banks and islands which split the bay into several parts. The southernmost part of them, Lesser Onega, is deep. All the shores there are rocky. The average depth of the lake is , and