diff --git a/.changes/1.34.162.json b/.changes/1.34.162.json
new file mode 100644
index 0000000000..a731453880
--- /dev/null
+++ b/.changes/1.34.162.json
@@ -0,0 +1,22 @@
+[
+  {
+    "category": "``docdb``",
+    "description": "[``botocore``] This release adds Global Cluster Failover capability which enables you to change your global cluster's primary AWS region, the region that serves writes, during a regional outage. Performing a failover action preserves your Global Cluster setup.",
+    "type": "api-change"
+  },
+  {
+    "category": "``ecs``",
+    "description": "[``botocore``] This release introduces a new ContainerDefinition configuration to support the customer-managed keys for ECS container restart feature.",
+    "type": "api-change"
+  },
+  {
+    "category": "``iam``",
+    "description": "[``botocore``] Make the LastUsedDate field in the GetAccessKeyLastUsed response optional. This may break customers who only call the API for access keys with a valid LastUsedDate. This fixes a deserialization issue for access keys without a LastUsedDate, because the field was marked as required but could be null.",
+    "type": "api-change"
+  },
+  {
+    "category": "``s3``",
+    "description": "[``botocore``] Amazon Simple Storage Service / Features  : Adds support for pagination in the S3 ListBuckets API.",
+    "type": "api-change"
+  }
+]
\ No newline at end of file
diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index d9e0931758..b52a6c1638 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,15 @@
 CHANGELOG
 =========
 
+1.34.162
+========
+
+* api-change:``docdb``: [``botocore``] This release adds Global Cluster Failover capability which enables you to change your global cluster's primary AWS region, the region that serves writes, during a regional outage. Performing a failover action preserves your Global Cluster setup.
+* api-change:``ecs``: [``botocore``] This release introduces a new ContainerDefinition configuration to support the customer-managed keys for ECS container restart feature.
+* api-change:``iam``: [``botocore``] Make the LastUsedDate field in the GetAccessKeyLastUsed response optional. This may break customers who only call the API for access keys with a valid LastUsedDate. This fixes a deserialization issue for access keys without a LastUsedDate, because the field was marked as required but could be null.
+* api-change:``s3``: [``botocore``] Amazon Simple Storage Service / Features  : Adds support for pagination in the S3 ListBuckets API.
+
+
 1.34.161
 ========
 
diff --git a/boto3/__init__.py b/boto3/__init__.py
index 817ad5eacd..5250b7c0ff 100644
--- a/boto3/__init__.py
+++ b/boto3/__init__.py
@@ -17,7 +17,7 @@
 from boto3.session import Session
 
 __author__ = 'Amazon Web Services'
-__version__ = '1.34.161'
+__version__ = '1.34.162'
 
 
 # The default Boto3 session; autoloaded when needed.
diff --git a/setup.cfg b/setup.cfg
index 016fc56362..3b8a1ea20d 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -3,7 +3,7 @@ universal = 0
 
 [metadata]
 requires_dist =
-    botocore>=1.34.161,<1.35.0
+    botocore>=1.34.162,<1.35.0
     jmespath>=0.7.1,<2.0.0
     s3transfer>=0.10.0,<0.11.0
 
diff --git a/setup.py b/setup.py
index 1ad01b8f98..22449196be 100644
--- a/setup.py
+++ b/setup.py
@@ -14,7 +14,7 @@
 
 
 requires = [
-    'botocore>=1.34.161,<1.35.0',
+    'botocore>=1.34.162,<1.35.0',
     'jmespath>=0.7.1,<2.0.0',
     's3transfer>=0.10.0,<0.11.0',
 ]