diff --git a/bot/handlers/admin/common.py b/bot/handlers/admin/common.py
index 996cd83..a3f5e62 100644
--- a/bot/handlers/admin/common.py
+++ b/bot/handlers/admin/common.py
@@ -98,8 +98,22 @@ async def admin_panel_actions_callback_handler(
         await admin_user_mgmnt_handlers.unban_user_prompt_handler(
             callback, state, i18n_data, settings, session)
     elif action == "users_management":
+        # This is deprecated, kept for compatibility
         from . import user_management as admin_user_management_handlers
-        await admin_user_management_handlers.user_management_menu_handler(
+        await admin_user_management_handlers.user_search_prompt_handler(
+            callback, state, i18n_data, settings, session)
+    elif action == "users_list" and len(action_parts) > 2:
+        # Route to users list handler with page number
+        from . import user_management as admin_user_management_handlers
+        try:
+            page = int(action_parts[2])
+            await admin_user_management_handlers.users_list_handler(
+                callback, i18n_data, settings, session, page)
+        except (IndexError, ValueError):
+            await callback.answer("Invalid page number", show_alert=True)
+    elif action == "users_search_prompt":
+        from . import user_management as admin_user_management_handlers
+        await admin_user_management_handlers.user_search_prompt_handler(
             callback, state, i18n_data, settings, session)
     elif action == "view_banned":
 
diff --git a/bot/handlers/admin/user_management.py b/bot/handlers/admin/user_management.py
index db0e602..b970156 100644
--- a/bot/handlers/admin/user_management.py
+++ b/bot/handlers/admin/user_management.py
@@ -29,14 +29,57 @@ router = Router(name="admin_user_management_router")
 USERNAME_REGEX = re.compile(r"^[a-zA-Z0-9_]{5,32}$")
 
 
-async def user_management_menu_handler(callback: types.CallbackQuery,
-                                      state: FSMContext, i18n_data: dict,
-                                      settings: Settings, session: AsyncSession):
-    """Display user management menu"""
+async def users_list_handler(callback: types.CallbackQuery,
+                              i18n_data: dict, settings: Settings,
+                              session: AsyncSession, page: int = 0):
+    """Display paginated list of all users"""
     current_lang = i18n_data.get("current_language", settings.DEFAULT_LANGUAGE)
     i18n: Optional[JsonI18n] = i18n_data.get("i18n_instance")
     if not i18n or not callback.message:
-        await callback.answer("Error preparing user management.", show_alert=True)
+        await callback.answer("Error preparing user list.", show_alert=True)
+        return
+    _ = lambda key, **kwargs: i18n.gettext(current_lang, key, **kwargs)
+    
+    try:
+        # Get paginated users
+        from bot.keyboards.inline.admin_keyboards import get_users_list_keyboard
+        from db.dal import user_dal
+        
+        users = await user_dal.get_all_users_paginated(session, page=page, page_size=15)
+        total_users = await user_dal.count_all_users(session)
+        total_pages = max(1, (total_users + 14) // 15)
+        
+        # Format message
+        header_text = _(
+            "admin_users_list_header",
+            default="👥 <b>Список пользователей</b>\n\nСтраница {current}/{total} ({total_users} пользователей)",
+            current=page + 1,
+            total=total_pages,
+            total_users=total_users
+        )
+        
+        keyboard = get_users_list_keyboard(users, page, total_users, i18n, current_lang, page_size=15)
+        
+        await callback.message.edit_text(
+            header_text,
+            reply_markup=keyboard,
+            parse_mode="HTML"
+        )
+        await callback.answer()
+        
+    except Exception as e:
+        logging.error(f"Error displaying user list: {e}")
+        await callback.answer("Ошибка отображения списка пользователей", show_alert=True)
+
+
+async def user_search_prompt_handler(callback: types.CallbackQuery,
+                                     state: FSMContext, i18n_data: dict,
+                                     settings: Settings, session: AsyncSession):
+    """Display search prompt for user management"""
+    current_lang = i18n_data.get("current_language", settings.DEFAULT_LANGUAGE)
+    i18n: Optional[JsonI18n] = i18n_data.get("i18n_instance")
+    if not i18n or not callback.message:
+        await callback.answer("Error preparing search.", show_alert=True)
         return
     _ = lambda key, **kwargs: i18n.gettext(current_lang, key, **kwargs)
 
@@ -911,9 +954,9 @@ async def process_ban_user_handler(message: types.Message, state: FSMContext,
 
 @router.message(AdminStates.waiting_for_user_id_to_unban, F.text)
 async def process_unban_user_handler(message: types.Message, state: FSMContext,
-                                    settings: Settings, i18n_data: dict,
-                                    panel_service: PanelApiService,
-                                    session: AsyncSession):
+                                   settings: Settings, i18n_data: dict,
+                                   panel_service: PanelApiService,
+                                   session: AsyncSession):
     """Process user unban input"""
     current_lang = i18n_data.get("current_language", settings.DEFAULT_LANGUAGE)
     i18n: Optional[JsonI18n] = i18n_data.get("i18n_instance")
@@ -978,3 +1021,58 @@ async def process_unban_user_handler(message: types.Message, state: FSMContext,
         ))
     
     await state.clear()
+
+
+@router.callback_query(F.data.startswith("admin_user_card_from_list:"))
+async def user_card_from_list_handler(callback: types.CallbackQuery,
+                                     state: FSMContext, i18n_data: dict,
+                                     settings: Settings, bot: Bot,
+                                     subscription_service: SubscriptionService,
+                                     panel_service: PanelApiService,
+                                     session: AsyncSession):
+    """Display user card when clicked from user list"""
+    try:
+        parts = callback.data.split(":")
+        user_id = int(parts[1])
+        page = int(parts[2])
+    except (IndexError, ValueError):
+        await callback.answer("Invalid user data", show_alert=True)
+        return
+    
+    current_lang = i18n_data.get("current_language", settings.DEFAULT_LANGUAGE)
+    i18n: Optional[JsonI18n] = i18n_data.get("i18n_instance")
+    if not i18n:
+        await callback.answer("Language service error", show_alert=True)
+        return
+    _ = lambda key, **kwargs: i18n.gettext(current_lang, key, **kwargs)
+    
+    # Get user from database
+    user = await user_dal.get_user_by_id(session, user_id)
+    if not user:
+        await callback.answer("User not found", show_alert=True)
+        return
+    
+    # Create keyboard with back to list button
+    keyboard = get_user_card_keyboard(user_id, i18n, current_lang)
+    keyboard.button(
+        text=_("admin_user_back_to_list_button", default="⬅️ К списку"),
+        callback_data=f"admin_action:users_list:{page}"
+    )
+    keyboard.adjust(2, 2, 2, 2, 1)
+    
+    # Format user card
+    try:
+        from bot.services.referral_service import ReferralService
+        referral_service = ReferralService(settings, subscription_service, bot, i18n)
+        user_card_text = await format_user_card(user, session, subscription_service, i18n, current_lang, referral_service)
+        
+        await callback.message.edit_text(
+            user_card_text,
+            reply_markup=keyboard.as_markup(),
+            parse_mode="HTML"
+        )
+        await callback.answer()
+        
+    except Exception as e:
+        logging.error(f"Error displaying user card: {e}")
+        await callback.answer("Error displaying user card", show_alert=True)
diff --git a/bot/keyboards/inline/admin_keyboards.py b/bot/keyboards/inline/admin_keyboards.py
index 37dfbf8..91d4379 100644
--- a/bot/keyboards/inline/admin_keyboards.py
+++ b/bot/keyboards/inline/admin_keyboards.py
@@ -59,13 +59,15 @@ def get_user_management_keyboard(i18n_instance, lang: str) -> InlineKeyboardMark
     builder = InlineKeyboardBuilder()
     
     builder.button(text=_(key="admin_users_management_button"),
-                   callback_data="admin_action:users_management")
+                   callback_data="admin_action:users_list:0")
+    builder.button(text=_(key="admin_users_search_button"),
+                   callback_data="admin_action:users_search_prompt")
     builder.button(text=_(key="admin_ban_management_section"),
                    callback_data="admin_section:ban_management")
     
     builder.button(text=_(key="back_to_admin_panel_button"),
                    callback_data="admin_action:main")
-    builder.adjust(2, 1)
+    builder.adjust(2, 1, 1)
     return builder.as_markup()
 
 
@@ -305,6 +307,68 @@ def get_banned_users_keyboard(banned_users: List[User], current_page: int,
     return builder.as_markup()
 
 
+def get_users_list_keyboard(users: List[User], current_page: int,
+                            total_users: int, i18n_instance, lang: str,
+                            page_size: int = 15) -> InlineKeyboardMarkup:
+    """Generate keyboard for paginated user list"""
+    _ = lambda key, **kwargs: i18n_instance.gettext(lang, key, **kwargs)
+    builder = InlineKeyboardBuilder()
+    
+    # Add user buttons
+    for user in users:
+        user_display_parts = []
+        if user.username:
+            user_display_parts.append(f"@{user.username}")
+        user_display_parts.append(f"ID: {user.user_id}")
+        if user.first_name:
+            user_display_parts.append(f"- {user.first_name}")
+        
+        button_text = " ".join(user_display_parts)
+        builder.row(
+            InlineKeyboardButton(
+                text=button_text,
+                callback_data=f"admin_user_card_from_list:{user.user_id}:{current_page}"
+            )
+        )
+    
+    # Pagination buttons
+    if total_users > page_size:
+        total_pages = math.ceil(total_users / page_size)
+        pagination_buttons = []
+        if current_page > 0:
+            pagination_buttons.append(
+                InlineKeyboardButton(
+                    text=_("prev_page_button"),
+                    callback_data=f"admin_action:users_list:{current_page - 1}"
+                )
+            )
+        pagination_buttons.append(
+            InlineKeyboardButton(
+                text=f"{current_page + 1}/{total_pages}",
+                callback_data="stub_page_display"
+            )
+        )
+        if current_page < total_pages - 1:
+            pagination_buttons.append(
+                InlineKeyboardButton(
+                    text=_("next_page_button"),
+                    callback_data=f"admin_action:users_list:{current_page + 1}"
+                )
+            )
+        if pagination_buttons:
+            builder.row(*pagination_buttons)
+    
+    # Back button
+    builder.row(
+        InlineKeyboardButton(
+            text=_("back_to_user_management_button"),
+            callback_data="admin_section:user_management"
+        )
+    )
+    
+    return builder.as_markup()
+
+
 def get_user_card_keyboard(user_id: int,
                            is_banned: bool,
                            i18n_instance,
diff --git a/db/dal/user_dal.py b/db/dal/user_dal.py
index 423945f..b0b7b42 100644
--- a/db/dal/user_dal.py
+++ b/db/dal/user_dal.py
@@ -227,3 +227,23 @@ async def get_user_ids_without_active_subscription(session: AsyncSession) -> Lis
     )
     result = await session.execute(stmt)
     return result.scalars().all()
+
+
+async def get_all_users_paginated(session: AsyncSession, page: int = 0, page_size: int = 15) -> List[User]:
+    """Get all users with pagination, ordered by registration date descending."""
+    offset = page * page_size
+    stmt = (
+        select(User)
+        .order_by(User.registration_date.desc())
+        .offset(offset)
+        .limit(page_size)
+    )
+    result = await session.execute(stmt)
+    return result.scalars().all()
+
+
+async def count_all_users(session: AsyncSession) -> int:
+    """Count total number of users in the database."""
+    stmt = select(func.count(User.user_id))
+    result = await session.execute(stmt)
+    return result.scalar() or 0
\ No newline at end of file
diff --git a/locales/en.json b/locales/en.json
index cc2437e..9fc48f6 100644
--- a/locales/en.json
+++ b/locales/en.json
@@ -101,7 +101,10 @@
   "admin_promo_marketing_section": "🎁 Promos",
   "admin_system_functions_section": "⚙️ System",
   "admin_ban_management_section": "🚫 Bans",
-  "admin_users_management_button": "👤 Management",
+  "admin_users_search_button": "🔍 Search",
+  "admin_users_management_button": "👥 User List",
+  "admin_users_list_header": "👥 <b>User List</b>\n\nPage {current}/{total} ({total_users} users)",
+  "admin_user_back_to_list_button": "⬅️ Back to List",
   "back_to_user_management_button": "⬅️ To Users",
   "back_to_admin_panel_button": "⬅️ To Admin",
   "admin_stats_header": "📊 Bot Statistics",
diff --git a/locales/ru.json b/locales/ru.json
index ad106ae..b2c3b2d 100644
--- a/locales/ru.json
+++ b/locales/ru.json
@@ -101,7 +101,10 @@
   "admin_promo_marketing_section": "🎁 Промокоды",
   "admin_system_functions_section": "⚙️ Система",
   "admin_ban_management_section": "🚫 Блокировки",
-  "admin_users_management_button": "👤 Управление",
+  "admin_users_search_button": "🔍 Поиск",
+  "admin_users_management_button": "👥 Список пользователей",
+  "admin_users_list_header": "👥 <b>Список пользователей</b>\n\nСтраница {current}/{total} ({total_users} пользователей)",
+  "admin_user_back_to_list_button": "⬅️ К списку",
   "back_to_user_management_button": "⬅️ К пользователям",
   "back_to_admin_panel_button": "⬅️ В админку",
   "admin_stats_header": "📊 Статистика Бота",