Makes sense for their point of view. Pro tip: if you don't want your government spy on you in the democracy you live in. Store your data in another less interested in you.
Just a reminder that if you choose a friendly/allied country - they will spy on you (a foreigner without privacy rights) and share data with "your" intelligence services (those to whom you might be more interesting). If you choose a hostile country they might spy on you and "your" intelligence services will try to hack your provider because spying on hostile countries is one of the things they do...