The results of correlation between geological events in the period of 2.8‒2.0 Ga provide grounds to assume that the Sarmatia lithospheric megablock definable in the southern part of the East European Craton belonged to the ancient Vaalbara supercontinent consisting of the Pilbara and Kaapvaal cratons. In the period of 2.8‒2.6 Ga, all of them represented fragments of the continental crust consolidated at approximately 2.8 Ga and subjected to continental rifting, which was accompanied by intense basite volcanism. In the period of 2.50‒2.45 Ga, these three cratons were characterized by similar tectonic settings and accumulation of banded iron formations. Precisely these banded iron formations of the largest Transvaal, Hamersley, Kursk, and Kremenchug‒Krivoi Rog iron ore basins accumulated in the period of 2.50‒2.45 Ga in a single oceanic basin serve as a basis for adequate paleotectonic reconstructions of the Vaalbara supercontinent. In the period of 2.45‒2.20 Ga, all three cratons were subjected to a long-lasting break in sedimentation followed by activation of continental rifting with terrigenous sediment deposition, which terminated with basite volcanism ca. 2.2 Ga. These events gave start to the Vaalbara breakup, which represented a multistage process with alternating divergence and convergence phases of supercontinent fragments until the Kaapvaal and Zimbabwe, Pilbara and Yilgarn, and Sarmatia and Volgo-Uralia cratons, respectively, became eventually united.