Ivankov was born in Minsk, Belarus in 1975. He began gymnastics at the age of 6, and by the time he was 14, was a member of the Soviet national junior team, training at the prestigious Round Lake national gymnastics center. Ivankov established himself as a top up-and-coming gymnast at the 1991 Junior European Championships in Greece, where he won the all-around, pommel horse, high bar, vault and rings titles, and earned a silver medal on floor.
Senior career
1992-1996
Following the breakup of the Soviet Union, Ivankov began representing Belarus. He competed at both the 1992 Junior European Championships, where he helped the Belarusian team to a gold medal finish, and the senior European Championships in Budapest, where he placed 13th in the all-around. He competed in his first World Championships in 1993, where he won a bronze medal on the rings. 1994 was Ivankov's breakout year. At the 1994 World Championships in Brisbane, he won the all-around gold, defeating reigning Olympic champion and teammate Vitaly Scherbo in the process. The same year, Ivankov won his first all-around senior European Championships title and placed well in other international competitions. Competing on the vault in Brisbane, Ivankov suffered an injury to his Achilles tendon. The injury forced him to miss the 1995 World Championships in Sabae, but he recovered sufficiently to win his second European Championships in 1996 and was considered to be a major medal threat for the 1996 Olympics in Atlanta. However, after arriving in Atlanta, Ivankov's Achilles snapped as he was walking across a parking lot, ending his Olympic bid.
1997–2004
Ivankov's Achilles injury required serious rehabilitation, reconstructive surgery and muscle grafts, and months of physical therapy. His condition was considered to be career-ending, however, only a year after rupturing his Achilles, Ivankov returned to win his second all-around gold medal at the 1997 World Championships. One year later, he won the all-around at the Goodwill Games in New York City. In 2000, Ivankov competed in the 2000 Olympics where he finished 4th in the all-around, and 5th in the individual parallel bars and still rings event finals. In 2001, Ivankov led the Belarusian team to the gold medal at the World Championships in Ghent, Belgium. Individually he finished second all-around, just shy from an unprecedented third world all-around title. Two years later, Belarus finished 13th at the World Championships in Anaheim, failing to qualify a full team to the 2004 Olympics in Athens. Ivankov competed in Athens as an individual. After competing at the 2005 and 2006 World Championships, Ivankov decided to retire from international competition. He still performs in exhibitions worldwide.
In 2001, Ivankov married Suzyanna, an aerobics instructor and Belarusian television personality. They divorced in 2007, and he remarried the same year. In 2001, Ivankov was named godfather to Alexei Nemov's son.