The FAQ seems clear on this
> Where is my code actually hosted?
> On bare-metal servers that we operate in Scaleway's Paris datacenters
> Where is my code actually hosted?
> On bare-metal servers that we operate in Scaleway's Paris datacenters
But whether they're making a promise to stay in the EU specifically? Or whether they might expand to territories that aren't physically in Europe? That could matter, and the FAQ doesn't tell us.
(And yeah the line at the top says 100% EU but that's not the full picture.)