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Monaco had never beaten the Spaniard in two prior meetings and it looked like he would fall again, but used a dominating final two sets to take the win and will now try to reach his third finals at this event.
He also reached the title contest of this clay-court event in 2010 at Santiago, and 2008.
In other quarterfinal action, seventh-seeded Carlos Berlocq grounded qualifier and fellow Argentine Federico Delbonis 6-3, 6-4, and Frenchman Jeremy Chardy downed Portugal's Frederico Gil 6-2, 7-6 (7-5).
The 2012 Vina del Mar champion will collect $71,900.
Sharapova will again be first up in the reverse singles against Navarro. Kuznetsova is then scheduled to meet Soler-Espinosa, although each captain can make changes. The doubles match is slated to pit Ekaterina Makarova and Nadia Petrova for the Russians against the Spanish tandem of Nuria Llagostera Vives and Arantxa Parra-Santonja.
Russia, last year's Fed Cup runner-up to the Czech Republic, is a four-time Fed Cup champ and beat Spain in the final for its last title in 2008. The Russians own a 5-1 advantage against the Spaniards in Fed Cup play.
This weekend's winner will meet the Belgium-Serbia victor in the semifinals in April.
Ranked 121st in the world, Tsurenko not only drew the Ukrainians even, she completely dominated the 11th-ranked Schiavone in a 6-1, 6-2 rout. Schiavone committed 42 unforced errors and managed a mere 10 winners in the 71-minute dismantling.
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