diff --git a/Cargo.lock b/Cargo.lock
index 551d2ca2867..cd0072d10b9 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1884,16 +1884,6 @@ dependencies = [
  "subtle",
 ]
 
-[[package]]
-name = "ctor"
-version = "0.1.26"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6d2301688392eb071b0bf1a37be05c469d3cc4dbbd95df672fe28ab021e6a096"
-dependencies = [
- "quote 1.0.27",
- "syn 1.0.109",
-]
-
 [[package]]
 name = "ctr"
 version = "0.8.0"
@@ -5510,11 +5500,10 @@ dependencies = [
 
 [[package]]
 name = "log"
-version = "0.4.17"
+version = "0.4.18"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "abb12e687cfb44aa40f41fc3978ef76448f9b6038cad6aef4259d3c095a2382e"
+checksum = "518ef76f2f87365916b142844c16d8fefd85039bc5699050210a7778ee1cd1de"
 dependencies = [
- "cfg-if 1.0.0",
  "value-bag",
 ]
 
@@ -14394,13 +14383,9 @@ checksum = "830b7e5d4d90034032940e4ace0d9a9a057e7a45cd94e6c007832e39edb82f6d"
 
 [[package]]
 name = "value-bag"
-version = "1.0.0-alpha.9"
+version = "1.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2209b78d1249f7e6f3293657c9779fe31ced465df091bbd433a1cf88e916ec55"
-dependencies = [
- "ctor",
- "version_check",
-]
+checksum = "a4d330786735ea358f3bc09eea4caa098569c1c93f342d9aca0514915022fe7e"
 
 [[package]]
 name = "vcpkg"
diff --git a/bin/rialto-parachain/node/Cargo.toml b/bin/rialto-parachain/node/Cargo.toml
index d78b391b5a1..bf2677164ec 100644
--- a/bin/rialto-parachain/node/Cargo.toml
+++ b/bin/rialto-parachain/node/Cargo.toml
@@ -18,7 +18,7 @@ runtime-benchmarks = ['rialto-parachain-runtime/runtime-benchmarks']
 
 [dependencies]
 clap = { version = "4.3.0", features = ["derive"] }
-log = '0.4.17'
+log = '0.4.18'
 codec = { package = 'parity-scale-codec', version = '3.1.5' }
 serde = { version = '1.0', features = ['derive'] }
 
diff --git a/bin/runtime-common/Cargo.toml b/bin/runtime-common/Cargo.toml
index 08d102cc753..325e75af4b7 100644
--- a/bin/runtime-common/Cargo.toml
+++ b/bin/runtime-common/Cargo.toml
@@ -9,7 +9,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 [dependencies]
 codec = { package = "parity-scale-codec", version = "3.1.5", default-features = false, features = ["derive"] }
 hash-db = { version = "0.16.0", default-features = false }
-log = { version = "0.4.17", default-features = false }
+log = { version = "0.4.18", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
 static_assertions = { version = "1.1", optional = true }
 
diff --git a/fuzz/storage-proof/Cargo.toml b/fuzz/storage-proof/Cargo.toml
index 61d0e63a878..299b682a9f0 100644
--- a/fuzz/storage-proof/Cargo.toml
+++ b/fuzz/storage-proof/Cargo.toml
@@ -9,7 +9,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 
 [dependencies]
 honggfuzz = "0.5.54"
-log = "0.4.0"
+log = "0.4.18"
 env_logger = "0.10.0"
 
 # Bridge Dependencies
diff --git a/modules/beefy/Cargo.toml b/modules/beefy/Cargo.toml
index 4270b96e208..cbbb55adb32 100644
--- a/modules/beefy/Cargo.toml
+++ b/modules/beefy/Cargo.toml
@@ -7,7 +7,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 
 [dependencies]
 codec = { package = "parity-scale-codec", version = "3.0.0", default-features = false }
-log = { version = "0.4.14", default-features = false }
+log = { version = "0.4.18", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
 serde = { version = "1.0", optional = true }
 
diff --git a/modules/grandpa/Cargo.toml b/modules/grandpa/Cargo.toml
index 9b97b518fc5..851987d8d4d 100644
--- a/modules/grandpa/Cargo.toml
+++ b/modules/grandpa/Cargo.toml
@@ -10,7 +10,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 [dependencies]
 codec = { package = "parity-scale-codec", version = "3.1.5", default-features = false }
 finality-grandpa = { version = "0.16.2", default-features = false }
-log = { version = "0.4.17", default-features = false }
+log = { version = "0.4.18", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
 
 # Bridge Dependencies
diff --git a/modules/messages/Cargo.toml b/modules/messages/Cargo.toml
index 639ac9dc23c..b39d8638d22 100644
--- a/modules/messages/Cargo.toml
+++ b/modules/messages/Cargo.toml
@@ -8,7 +8,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 
 [dependencies]
 codec = { package = "parity-scale-codec", version = "3.1.5", default-features = false }
-log = { version = "0.4.17", default-features = false }
+log = { version = "0.4.18", default-features = false }
 num-traits = { version = "0.2", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
 
diff --git a/modules/parachains/Cargo.toml b/modules/parachains/Cargo.toml
index d8c89b79991..e36c1cfbfe8 100644
--- a/modules/parachains/Cargo.toml
+++ b/modules/parachains/Cargo.toml
@@ -7,7 +7,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 
 [dependencies]
 codec = { package = "parity-scale-codec", version = "3.1.5", default-features = false }
-log = { version = "0.4.17", default-features = false }
+log = { version = "0.4.18", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
 
 # Bridge Dependencies
diff --git a/modules/relayers/Cargo.toml b/modules/relayers/Cargo.toml
index 857d47cc65a..08b7f09c1ff 100644
--- a/modules/relayers/Cargo.toml
+++ b/modules/relayers/Cargo.toml
@@ -8,7 +8,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 
 [dependencies]
 codec = { package = "parity-scale-codec", version = "3.1.5", default-features = false }
-log = { version = "0.4.17", default-features = false }
+log = { version = "0.4.18", default-features = false }
 scale-info = { version = "2.6.0", default-features = false, features = ["derive"] }
 
 # Bridge dependencies
diff --git a/relays/bin-substrate/Cargo.toml b/relays/bin-substrate/Cargo.toml
index f71920a1d18..bf98a9de1fb 100644
--- a/relays/bin-substrate/Cargo.toml
+++ b/relays/bin-substrate/Cargo.toml
@@ -12,7 +12,7 @@ async-trait = "0.1"
 codec = { package = "parity-scale-codec", version = "3.1.5" }
 futures = "0.3.28"
 hex = "0.4"
-log = "0.4.17"
+log = "0.4.18"
 num-format = "0.4"
 num-traits = "0.2"
 rbtag = "0.3"
diff --git a/relays/client-substrate/Cargo.toml b/relays/client-substrate/Cargo.toml
index 3dfeb9decbd..90e1123ad8d 100644
--- a/relays/client-substrate/Cargo.toml
+++ b/relays/client-substrate/Cargo.toml
@@ -11,7 +11,7 @@ async-trait = "0.1"
 codec = { package = "parity-scale-codec", version = "3.1.5" }
 futures = "0.3.28"
 jsonrpsee = { version = "0.17", features = ["macros", "ws-client"] }
-log = "0.4.17"
+log = "0.4.18"
 num-traits = "0.2"
 rand = "0.8"
 scale-info = { version = "2.6.0", features = ["derive"] }
diff --git a/relays/finality/Cargo.toml b/relays/finality/Cargo.toml
index ab75533b023..405f7354844 100644
--- a/relays/finality/Cargo.toml
+++ b/relays/finality/Cargo.toml
@@ -12,7 +12,7 @@ async-trait = "0.1"
 backoff = "0.4"
 bp-header-chain = { path = "../../primitives/header-chain" }
 futures = "0.3.28"
-log = "0.4.17"
+log = "0.4.18"
 num-traits = "0.2"
 relay-utils = { path = "../utils" }
 
diff --git a/relays/lib-substrate-relay/Cargo.toml b/relays/lib-substrate-relay/Cargo.toml
index d07aa936b57..68a8863aca5 100644
--- a/relays/lib-substrate-relay/Cargo.toml
+++ b/relays/lib-substrate-relay/Cargo.toml
@@ -14,7 +14,7 @@ codec = { package = "parity-scale-codec", version = "3.1.5" }
 futures = "0.3.28"
 hex = "0.4"
 num-traits = "0.2"
-log = "0.4.17"
+log = "0.4.18"
 
 # Bridge dependencies
 
diff --git a/relays/messages/Cargo.toml b/relays/messages/Cargo.toml
index a45b2728105..93d9363a7a1 100644
--- a/relays/messages/Cargo.toml
+++ b/relays/messages/Cargo.toml
@@ -11,7 +11,7 @@ async-trait = "0.1"
 env_logger = "0.10"
 futures = "0.3.28"
 hex = "0.4"
-log = "0.4.17"
+log = "0.4.18"
 num-traits = "0.2"
 parking_lot = "0.12.1"
 
diff --git a/relays/parachains/Cargo.toml b/relays/parachains/Cargo.toml
index 0cecf063922..e4ea0383600 100644
--- a/relays/parachains/Cargo.toml
+++ b/relays/parachains/Cargo.toml
@@ -9,7 +9,7 @@ license = "GPL-3.0-or-later WITH Classpath-exception-2.0"
 async-std = "1.6.5"
 async-trait = "0.1.68"
 futures = "0.3.28"
-log = "0.4.17"
+log = "0.4.18"
 relay-utils = { path = "../utils" }
 
 # Bridge dependencies
diff --git a/relays/utils/Cargo.toml b/relays/utils/Cargo.toml
index 65e268a0770..25e89d49711 100644
--- a/relays/utils/Cargo.toml
+++ b/relays/utils/Cargo.toml
@@ -15,7 +15,7 @@ isahc = "1.2"
 env_logger = "0.10.0"
 futures = "0.3.28"
 jsonpath_lib = "0.3"
-log = "0.4.17"
+log = "0.4.18"
 num-traits = "0.2"
 serde_json = "1.0"
 sysinfo = "0.29"