I think it's not unreasonable to see this as a first, positive, step.
It's certainly giving them some benefit of the doubt, but it doesn't seem unreasonable that, say, the EU server and the US backup will in some time be an EU server and an EU backup.
It's either a positive step or it's a deceptive step. It could be to actually improve data security, or it could be to make it look like they're improving data security.
It's certainly giving them some benefit of the doubt, but it doesn't seem unreasonable that, say, the EU server and the US backup will in some time be an EU server and an EU backup.