diff --git a/pungi.spec b/pungi.spec
index be527fc2..0e3121c6 100644
--- a/pungi.spec
+++ b/pungi.spec
@@ -1,8 +1,8 @@
 %{?python_enable_dependency_generator}
 
 Name:           pungi
-Version:        4.2.15
-Release:        2%{?dist}.cloudlinux
+Version:        4.2.16
+Release:        1%{?dist}.cloudlinux
 Summary:        Distribution compose tool
 
 License:        GPLv2
@@ -161,6 +161,9 @@ python3 -m pytest
 
 %changelog
 
+* Wed May 4 2022 stepan_oksanichenko <soksanichenko@cloudlinux.com> - 4.2.16-1
+- ALBS-334: Make the ability of Pungi to give module_defaults from remote sources
+
 * Thu Dec 30 2021 stepan_oksanichenio <soksanichenko@cloudlinux.com> - 4.2.15-1
 - ALBS-97: The scripts `gather_modules` and `generate_packages_json` support LZMA compression
 - ALBS-97: The script `generate_packages_json` can use repos with different architectures
diff --git a/setup.py b/setup.py
index 1cab4ecc..efa29b92 100755
--- a/setup.py
+++ b/setup.py
@@ -25,7 +25,7 @@ packages = sorted(packages)
 
 setup(
     name="pungi",
-    version="4.2.15",
+    version="4.2.16",
     description="Distribution compose tool",
     url="https://pagure.io/pungi",
     author="Dennis Gilmore",