Where are you finding a VPS in the EU for $10/year? Any I've seen are about 5-6 times that much.

https://billing.chunkserve.com/cart.php?a=confproduct&i=0

https://my.servitro.com/cart.php?a=view

https://manager.ouiheberg.com/cart.php?a=confproduct&i=0

1GB or even 512MB and 10GB of storage is very easy and completely doable to use for a VPN + HTTPS server

Traffic is super cheap nowadays.

Your real issue will be IP reputation.

https://lowendtalk.com/categories/offers

Is a good source.

Check LowEndTalk and LowEndBox

https://lowendtalk.com/

Can recommend. Always a little crazy, always insanely cheap. If it doesn't work out, you can just switch to another provider.