Andrey Balabanov (born 17 August 1966 in Kherson, Ukrainian SSR) is a Soviet-born Ukrainian sprint canoer who competed in the early 1990s.

He won three bronze medals at the ICF Canoe Sprint World Championships with two in the C-2 10000 m (1990, 1993) and one in the C-4 1000 m (1993) events.

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