Cyclopropanation reactions of d‐glucal and d‐galactal derivatives with aryldiazoacetates can be conducted in a substrate‐controlled, stereoselective fashion using simple Rh(II) catalysts, which is further supported by DFT studies. Following this methodology, sugar‐derived, donor‐acceptor cyclopropanes can be accessed that allow stereoselective O‐glycosylation reactions.