Two undersea cables in Baltic Sea disrupted

It's just practice. Locate the cables, establish a means of damaging them, deploy the means as a test and a show of force.

The western economy is almost completely built using off-prem in Cloud PaaS environments. It should be pretty fun when WW3 starts and not a single hospital, school, laboratory, or factory can operate.

It also sends two messages: "We can do this to any of your cables", and "we're willing to" – with an implied "we could easily do it to all of them at the same time".

And the last scenario is the real problem: While there are enough cable repair ships to continuously handle a normal rate of simultaneous peak failures, fixing multiple cuts can quickly exceed their capacity. (There's nothing that says an attacker can only cut the same cable in one spot!)

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The Russian oligarchs have no say in any of this, they never have, people in the West still repeating this mantra almost 3 years since the war in Ukraine has started for good is a big part of the reason why the same West is close to military defeat there, they just refuse to acknowledge how Russia really operates.