It is demonstrated on the basis of the first monographic study of multiple and taxonomically variable organic-walled microfossils from the Ust’-Il’ya Formation of the Anabar Uplift that both prokaryotic and eukaryotic forms are present in the composition of this microbiota. They are divided into four formal groups on the basis of the specifics of the morphological indicators of the identified taxa. The review of the data on the isotopic age of hosting deposits showed that the Ust’-Il’ya Formation is of the Early Riphean in age which are currently evaluated as 1750 ± 10–1400 Ma. Relatively large and morphologically complex eukaryotic forms present in the Ust’-Il’ya Formation served in due time as the basis for an erroneous conclusion on the Late Riphean age of the specified formation and the overlying Lower Kotuikan Subformation of the Anabar Uplift. The paper provides a global comparative analysis of the Early Riphean microbiotas, demonstrates the position of the Ust’-Il’ya and Kotuikan microbiotas amidst the microbiotas of the same age, and shows that the relatively large acanthomorphic acritarchs Tappania, Valeria, Dictiosphaera, Satka, and Shuiyousphaeridium appeared in the geological history already during the Early Riphean Erathem. Moreover, the paper discusses the recently published data on the distribution of aerobic and anaerobic conditions in the Early Riphean paleobasins and provides the conclusion on the impact of the lateral change of these conditions on the taxonomic composition of the microbiota.