diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4e21809d..ad1c163b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,4 @@
+## 3.16.0 ##
 * Async implementation of Query Service SDK
 * New basic example with Query Service SDK
 
diff --git a/setup.py b/setup.py
index 7a5200f4..50991b05 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
 
 setuptools.setup(
     name="ydb",
-    version="3.15.0",  # AUTOVERSION
+    version="3.16.0",  # AUTOVERSION
     description="YDB Python SDK",
     author="Yandex LLC",
     author_email="ydb@yandex-team.ru",
diff --git a/ydb/ydb_version.py b/ydb/ydb_version.py
index 567cda12..76caab7b 100644
--- a/ydb/ydb_version.py
+++ b/ydb/ydb_version.py
@@ -1 +1 @@
-VERSION = "3.15.0"
+VERSION = "3.16.0"