A bombshell report released Sunday by the non-partisan Government Accountability Institute (GAI) revealed that John Podesta, Hillary Clinton’s campaign chairman, developed undisclosed relationships with a Putin-connected Russian government fund.

Podesta served on the executive board of an energy company called Joule Unlimited, which received $35 million from a Kremlin-connected entity.

Podesta was on the executive board of an energy company which received $35 million from a Kremlin-connected entity.

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The energy company was part of a “Russian reset” program, which then-Secretary of State Hillary Clinton helped initiate. The program was designed to build an “innovation city” called Skolkovo, a Russian equivalent to the U.S.’s Silicon Valley. Critics of the initiative, including the FBI, warned that the Russian government would use Skolkovo to gain access to technology and information that would help build up their military.

The GAI report says “Two months after Podesta joined the board, Vladimir Putin’s Rusnano announced that it would invest up to 1 billion rubles into Joule Unlimited, which amounts to $35 million. That represents one-fifth of the entire amount of investment dollars Joule collected from 2007 to 2013.”

Rusnano is a government-owned joint-stock company that was founded by Vladimir Putin in 2007.

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The GAI was unable to determine how much money Podesta made from the deal, as he was on the board of three Joule entities — and he only listed two of them on his government disclosure filings.

It is unclear why Podesta failed to disclose reveal his membership on the board of one of the Joule entities, even though it was required by law. The revelation of Podesta’s secret relationship with Kremlin-connected entities, however, only raises more questions about the transparency and trustworthiness of the Clinton campaign — and casts into doubt the Democratic effort to paint Clinton’s opponent as too cozy with Russia.