The history of Earth’s magnetic field during the last 24mln years is considered in terms of our regional magnetostratigraphic Neogene scheme of the southern European Russia and Transcaucasian region. The scheme results from the author’s paleomagnetic studies of base sections in the Caucasian region and bore holes in the northern Cis-Caspian and Lower Volga regions. The revealed inversions of the geomagnetic field are referenced to the stratigraphic scale of the Eastern Para-Tethys. Peculiarities of the magnetic polarity changes in Neogene are analyzed.