diff --git a/lvm2.spec b/lvm2.spec
index 94bbc4b..d24f48f 100644
--- a/lvm2.spec
+++ b/lvm2.spec
@@ -61,7 +61,7 @@ Name: lvm2
 Epoch: %{rhel}
 %endif
 Version: 2.02.177
-Release: 1%{?dist}
+Release: 2%{?dist}
 License: GPLv2
 Group: System Environment/Base
 URL: http://sourceware.org/lvm2
@@ -88,7 +88,7 @@ BuildRequires: systemd-units
 %if %{enable_python}
 BuildRequires: python2-devel
 BuildRequires: python3-devel
-BuildRequires: python-setuptools
+BuildRequires: python2-setuptools
 %endif
 %if %{enable_lvmdbusd}
 BuildRequires: python3-dbus
@@ -893,6 +893,10 @@ An extensive functional testsuite for LVM2.
 %endif
 
 %changelog
+* Tue Jan 09 2018 Iryna Shcherbina <ishcherb@redhat.com> - 2.02.177-2
+- Update Python 2 dependency declarations to new packaging standards
+  (See https://fedoraproject.org/wiki/FinalizingFedoraSwitchtoPython3)
+
 * Tue Dec 19 2017 Marian Csontos <mcsontos@redhat.com> - 2.02.177-1
 - When writing text metadata content, use complete 4096 byte blocks.
 - Change text format metadata alignment from 512 to 4096 bytes.