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Based on radiocarbon dating, a tephra horizon, varve counts and palaeomagnetism, detailed age models covering the last ~24 k cal a bp, have been developed for the stratigraphy in the lakes Bolshoye Shchuchye and Maloye Shchuchye in the Polar Ural Mountains, Russia. The inclination curves from these lakes show nearly identical palaeomagnetic secular variations in the studied cores from both lakes, allowing for a precise correlation between the cores. A large and very distinct inclination deviation, named the Bolshoye Shchuchye Event, was identified in all cores retrieved from both lakes. It lasted over a period of 1245 years, from 20 470 to 19 225 cal a bp. The well‐dated palaeomagnetic inclination graph offers a new possibility to correlate archives in this part of the Arctic for the last ~24 k cal a bp, probably also over longer distances. The sedimentation rate shows the same trend in all cores from both lakes, including high input during the Last Glacial Maximum and gradually lowering after ~18 k cal a bp to lower and stable Holocene values. [ABSTRACT FROM AUTHOR]