that might work, yes. I wouldn't expect it to last forever though because the US gov doesn't like jurisdictions that evade their power. Russians could seize it if they felt like it too. I have some experience with that.
Ideally you would exploit bad diplomatic relations between nations to keep things running. Mutually non cooperative jurisdictions can actually be good for the internet. I do think the intention of the US gov is to completely control the internet though, copyright and DRM violations being a major motivation. As much as they claim they are about 'cooperation and collaboration' or some other nonsense, it's really about hard power.