diff --git a/CHANGES.md b/CHANGES.md
index 2aba4abf59..024d1d0807 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,5 +1,15 @@
 # Change log for kotlinx.coroutines
 
+## Version 1.6.2
+
+* Fixed a bug with `ThreadLocalElement` not being correctly updated when the most outer `suspend` function was called directly without `kotlinx.coroutines` (#2930).
+* Fixed multiple data races: one that might have been affecting `runBlocking` event loop, and a benign data race in `Mutex` (#3250, #3251).
+* Obsolete `TestCoroutineContext` is removed, which fixes the `kotlinx-coroutines-test` JPMS package being split between `kotlinx-coroutines-core` and `kotlinx-coroutines-test` (#3218).
+* Updated the ProGuard rules to further shrink the size of the resulting DEX file with coroutines (#3111, #3263). Thanks, @agrieve!
+* Atomicfu is updated to `0.17.2`, which includes a more efficient and robust JS IR transformer (#3255).
+* Kotlin is updated to `1.6.21`, Gradle version is updated to `7.4.2` (#3281). Thanks, @wojtek-kalicinski!
+* Various documentation improvements.
+
 ## Version 1.6.1
 
 * Rollback of time-related functions dispatching on `Dispatchers.Main`.
diff --git a/README.md b/README.md
index 6fb614c084..41f461dc90 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,7 @@
 [![Kotlin Stable](https://kotl.in/badges/stable.svg)](https://kotlinlang.org/docs/components-stability.html)
 [![JetBrains official project](https://jb.gg/badges/official.svg)](https://confluence.jetbrains.com/display/ALL/JetBrains+on+GitHub)
 [![GitHub license](https://img.shields.io/badge/license-Apache%20License%202.0-blue.svg?style=flat)](https://www.apache.org/licenses/LICENSE-2.0)
-[![Download](https://img.shields.io/maven-central/v/org.jetbrains.kotlinx/kotlinx-coroutines-core/1.6.1)](https://search.maven.org/artifact/org.jetbrains.kotlinx/kotlinx-coroutines-core/1.6.1/pom)
+[![Download](https://img.shields.io/maven-central/v/org.jetbrains.kotlinx/kotlinx-coroutines-core/1.6.2)](https://search.maven.org/artifact/org.jetbrains.kotlinx/kotlinx-coroutines-core/1.6.2/pom)
 [![Kotlin](https://img.shields.io/badge/kotlin-1.6.0-blue.svg?logo=kotlin)](http://kotlinlang.org)
 [![Slack channel](https://img.shields.io/badge/chat-slack-green.svg?logo=slack)](https://kotlinlang.slack.com/messages/coroutines/)
 
@@ -84,7 +84,7 @@ Add dependencies (you can also add other modules that you need):
 <dependency>
     <groupId>org.jetbrains.kotlinx</groupId>
     <artifactId>kotlinx-coroutines-core</artifactId>
-    <version>1.6.1</version>
+    <version>1.6.2</version>
 </dependency>
 ```
 
@@ -102,7 +102,7 @@ Add dependencies (you can also add other modules that you need):
 
 ```kotlin
 dependencies {
-    implementation("org.jetbrains.kotlinx:kotlinx-coroutines-core:1.6.1")
+    implementation("org.jetbrains.kotlinx:kotlinx-coroutines-core:1.6.2")
 }
 ```
 
@@ -132,7 +132,7 @@ Add [`kotlinx-coroutines-android`](ui/kotlinx-coroutines-android)
 module as a dependency when using `kotlinx.coroutines` on Android:
 
 ```kotlin
-implementation("org.jetbrains.kotlinx:kotlinx-coroutines-android:1.6.1")
+implementation("org.jetbrains.kotlinx:kotlinx-coroutines-android:1.6.2")
 ```
 
 This gives you access to the Android [Dispatchers.Main]
@@ -167,7 +167,7 @@ In common code that should get compiled for different platforms, you can add a d
 ```kotlin
 commonMain {
     dependencies {
-        implementation("org.jetbrains.kotlinx:kotlinx-coroutines-core:1.6.1")
+        implementation("org.jetbrains.kotlinx:kotlinx-coroutines-core:1.6.2")
     }
 }
 ```
@@ -179,7 +179,7 @@ Platform-specific dependencies are recommended to be used only for non-multiplat
 #### JS
 
 Kotlin/JS version of `kotlinx.coroutines` is published as 
-[`kotlinx-coroutines-core-js`](https://search.maven.org/artifact/org.jetbrains.kotlinx/kotlinx-coroutines-core-js/1.6.1/jar)
+[`kotlinx-coroutines-core-js`](https://search.maven.org/artifact/org.jetbrains.kotlinx/kotlinx-coroutines-core-js/1.6.2/jar)
 (follow the link to get the dependency declaration snippet) and as [`kotlinx-coroutines-core`](https://www.npmjs.com/package/kotlinx-coroutines-core) NPM package. 
 
 #### Native
diff --git a/gradle.properties b/gradle.properties
index 404e79b4fc..8e96d1605d 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -3,7 +3,7 @@
 #
 
 # Kotlin
-version=1.6.1-SNAPSHOT
+version=1.6.2-SNAPSHOT
 group=org.jetbrains.kotlinx
 kotlin_version=1.6.21
 
diff --git a/gradle/publish-npm-js.gradle b/gradle/publish-npm-js.gradle
index 382c6749ca..9d4152770c 100644
--- a/gradle/publish-npm-js.gradle
+++ b/gradle/publish-npm-js.gradle
@@ -40,17 +40,15 @@ task preparePublishNpm(type: Copy) {
 
 task publishNpm(type: NpmTask, dependsOn: [preparePublishNpm]) {
     workingDir = npmDeployDir
-  
-    doFirst {
-        def npmDeployTag = distTag(version)
-        def deployArgs = ['publish',
-                          "--//registry.npmjs.org/:_authToken=$authToken",
-                          "--tag=$npmDeployTag"]
-        if (dryRun == "true") {
-            println("$npmDeployDir \$ npm arguments: $deployArgs")
-            args = ['pack']
-        } else {
-            args = deployArgs
-        }
+
+    def npmDeployTag = distTag(version)
+    def deployArgs = ['publish',
+                      "--//registry.npmjs.org/:_authToken=$authToken",
+                      "--tag=$npmDeployTag"]
+    if (dryRun == "true") {
+        println("$npmDeployDir \$ npm arguments: $deployArgs")
+        args = ['pack']
+    } else {
+        args = deployArgs
     }
 }
diff --git a/kotlinx-coroutines-debug/README.md b/kotlinx-coroutines-debug/README.md
index 78a217e692..ab8704fb28 100644
--- a/kotlinx-coroutines-debug/README.md
+++ b/kotlinx-coroutines-debug/README.md
@@ -61,7 +61,7 @@ stacktraces will be dumped to the console.
 ### Using as JVM agent
 
 Debug module can also be used as a standalone JVM agent to enable debug probes on the application startup.
-You can run your application with an additional argument: `-javaagent:kotlinx-coroutines-debug-1.6.1.jar`.
+You can run your application with an additional argument: `-javaagent:kotlinx-coroutines-debug-1.6.2.jar`.
 Additionally, on Linux and Mac OS X you can use `kill -5 $pid` command in order to force your application to print all alive coroutines.
 When used as Java agent, `"kotlinx.coroutines.debug.enable.creation.stack.trace"` system property can be used to control 
 [DebugProbes.enableCreationStackTraces] along with agent startup.
diff --git a/kotlinx-coroutines-test/README.md b/kotlinx-coroutines-test/README.md
index 360c3bf178..403a89a4d3 100644
--- a/kotlinx-coroutines-test/README.md
+++ b/kotlinx-coroutines-test/README.md
@@ -26,7 +26,7 @@ Provided [TestDispatcher] implementations:
 Add `kotlinx-coroutines-test` to your project test dependencies:
 ```
 dependencies {
-    testImplementation 'org.jetbrains.kotlinx:kotlinx-coroutines-test:1.6.1'
+    testImplementation 'org.jetbrains.kotlinx:kotlinx-coroutines-test:1.6.2'
 }
 ```
 
diff --git a/ui/coroutines-guide-ui.md b/ui/coroutines-guide-ui.md
index fd4fcf0f72..a9ebc1f940 100644
--- a/ui/coroutines-guide-ui.md
+++ b/ui/coroutines-guide-ui.md
@@ -110,7 +110,7 @@ Add dependencies on `kotlinx-coroutines-android` module to the `dependencies { .
 `app/build.gradle` file:
 
 ```groovy
-implementation "org.jetbrains.kotlinx:kotlinx-coroutines-android:1.6.1"
+implementation "org.jetbrains.kotlinx:kotlinx-coroutines-android:1.6.2"
 ```
 
 You can clone [kotlinx.coroutines](https://github.com/Kotlin/kotlinx.coroutines) project from GitHub onto your