Russia’s largest oil company disclosed another advance payment to Venezuela’s state producer after the U.S. sanctioned President Nicolas Maduro on Monday, Bloomberg News reported. Rosneft PJSC paid $1.02 billion to Petroleos de Venezuela SA in April for future crude supplies, the state-run Russian producer said in an earnings statement on Friday. That follows advance payments of about $1.5 billion in 2016 and comes a day after Rosneft Chief Executive Officer Igor Sechin pledged to stick with investment plans in the crisis-torn Latin American nation.

Venezuela’s state oil company, ensnared in the political crisis gripping the country, is asking bond investors for a temporary waiver from financial reporting requirements because it can’t complete the documents on time, Bloomberg News reported. Petroleos de Venezuela asked trustee Mitsubishi UFJ Financial Group Inc. for an extension to Aug. 11, at which point it expects to make the documents available, according to a letter dated July 31 that the bank sent to holders of notes due in 2020.

Creditors of Grupo Bom Jesus, a Brazilian grain producer that filed for bankruptcy protection in May, have agreed to proposed terms of a 2.6 billion reais ($835 million) debt restructuring, a source with knowledge of the matter said. All classes of creditors voted in favor of the plan in a court in the midwestern town of Rondonópolis, the source added. The approved reorganization plan allows the grain producer to sell assets such as farms to raise cash, Reuters reported.

Investors have been bracing for a Venezuela debt default for more than a year, but fallout from the country’s widely criticized election last weekend could prove to be the tipping point, The Wall Street Journal reported. The government and state-owned oil company Petróleos de Venezuela SA, also known as PdVSA, together owe $5 billion in principal and interest payments due between now and the end of the year, according to Caracas Capital Markets. The country has $725 million due this month alone, the Venezuelan investment bank said.

Chinese commodities trader COFCO has asked to participate in an auction in Brazil where a sugar mill owned by India's Shree Renuka Sugars Ltd will be sold as part of an in-court debt restructuring, according to court documents seen by Reuters on Tuesday. COFCO already owns four sugar and ethanol plants in Brazil capable of processing a combined 15 million tonnes of cane per year. The company looked at other potential targets last year, but said prices were too high, Reuters reported.

The specter of tighter U.S. sanctions is pushing up the perception that Venezuela is getting closer to defaulting on its bonds, Bloomberg News reported. Venezuela is awaiting possible further restrictions after the U.S., its largest trading partner, sanctioned President Nicolas Maduro after he held elections Sunday for a new assembly that will rewrite the constitution. U.S.

It seems everyone has a set of demands for what should happen to Venezuela. For the most part, from the streets of Caracas to the White House, these are loud but rather vague talking points. People in the bond market, though, have begun to put together a plan for reassembling the country’s economy and finances, the Financial Times reported. Of course it would be better if Venezuelans were able to agree their own coherent plan, but that is not happening right now.

TPI Triunfo Participações & Investimentos SA and a pool of about 20 banks have agreed on terms to restructure 2.113 billion real ($672.6 million) of debt, giving the Brazilian infrastructure firm a lifeline to finalise projects and downsize gradually, the International New York Times reported on a Reuters story.

The board of Oi SA on Wednesday approved a plan to raise 8 billion reais ($2.5 billion) in fresh capital from shareholders and investors as a way to accelerate the Brazilian wireless carrier's emergence from bankruptcy, Reuters reported. In a statement, Oi said the terms of the capital raise will be discussed with creditors and proceeds will be used to raise the carrier's investments in broadband and wireless coverage.

More than 7 million Venezuelans went to the polls to vote against President Nicolas Maduro last weekend. But the more consequential opinion on Maduro's future may belong to China, Venezuela's biggest creditor and one of the few likely sources of funds needed to avert a possible default later this year, a Bloomberg View reported. The unofficial referendum, which was organized by the opposition, showed the depth of popular discontent with Maduro's plans to rewrite the constitution and enshrine himself in office. Turnout, at more than a third of registered voters, far exceeded expectations.