diff --git a/bazel/repository_locations.bzl b/bazel/repository_locations.bzl
index 55421d90ff49..bb76d48e3c1c 100644
--- a/bazel/repository_locations.bzl
+++ b/bazel/repository_locations.bzl
@@ -1104,12 +1104,12 @@ REPOSITORY_LOCATIONS_SPEC = dict(
         project_name = "Bazel rust rules",
         project_desc = "Bazel rust rules (used by Wasm)",
         project_url = "https://github.com/bazelbuild/rules_rust",
-        version = "0.2.1",
-        sha256 = "b58c63a6d8221f408f8852b4f74f81bc8c7aac9273f3899a74e32e6168a2c624",
+        version = "0.3.1",
+        sha256 = "e074f1e203607c5fcd549929d956170346f8807d2bbaeb98b2ed213c37e0870f",
         urls = ["https://github.com/bazelbuild/rules_rust/releases/download/{version}/rules_rust-v{version}.tar.gz"],
         use_category = ["dataplane_ext"],
         extensions = ["envoy.wasm.runtime.wasmtime"],
-        release_date = "2022-04-04",
+        release_date = "2022-04-26",
         cpe = "N/A",
     ),
     rules_antlr = dict(