I don't think it's morally wrong but it is at least ambiguous. I find the gray area interesting. Other people don't see it that way and I don't think they are moral degenerates or anything.

they've made their choice to not engage certain markets

They've made the choice not to engage in that market at the moment, but as legal copyright holders, they have the ability to engage that market later. Having that market eroded by people getting the content for free might be counter-productive, as in "we're not going to release in Russia because everybody pirates everything" leads to "I'm going to pirate this because nobody releases anything in Russia".

As I'm telling you, they're sitting on their rights of Maybe releasing, and Maybe profiting. But I get Real wealth, not a Maybe one, from torrenting their series. Real wins over Maybe.