diff --git a/VERSION.cmake b/VERSION.cmake
index 2ef439426..3f8b095be 100644
--- a/VERSION.cmake
+++ b/VERSION.cmake
@@ -1,6 +1,6 @@
 set (DEFAULT_LIBDNF_MAJOR_VERSION 0)
 set (DEFAULT_LIBDNF_MINOR_VERSION 70)
-set (DEFAULT_LIBDNF_MICRO_VERSION 1)
+set (DEFAULT_LIBDNF_MICRO_VERSION 2)
 
 if(DEFINED LIBDNF_MAJOR_VERSION)
   if(NOT ${DEFAULT_LIBDNF_MAJOR_VERSION} STREQUAL ${LIBDNF_MAJOR_VERSION})
diff --git a/docs/release_notes.rst b/docs/release_notes.rst
index 86f1aebd6..e625a468b 100644
--- a/docs/release_notes.rst
+++ b/docs/release_notes.rst
@@ -19,6 +19,21 @@
  LIBDNF Release Notes
 ######################
 
+====================
+0.70.2 Release Notes
+====================
+
+- Fix #1558: Don't assume inclusion of cstdint
+- Disconnect monitors in `dnf_repo_loader_finalize()` (RhBug:2070153)
+
+- New features:
+  - Support "proxy=_none_" in main config (RhBug:2155713)
+
+Bugs fixed in 0.70.2:
+
+* :rhbug:`2070153`
+* :rhbug:`2155713`
+
 ====================
 0.70.1 Release Notes
 ====================
diff --git a/libdnf.spec b/libdnf.spec
index 001d632ee..e4735ad93 100644
--- a/libdnf.spec
+++ b/libdnf.spec
@@ -5,7 +5,7 @@
 %global swig_version 3.0.12
 %global libdnf_major_version 0
 %global libdnf_minor_version 70
-%global libdnf_micro_version 1
+%global libdnf_micro_version 2
 
 %define __cmake_in_source_build 1