This drops all traffic from addresses that are items on the “block-this” address list.
If you paste that in as is, you’re blocking that IP address. The advantage of using an address list is that if you ever want to block a second, third, or more IP addresses, you just add them to the address list instead of having firewall rules that block just one single IP address.
With your edit the rule you applied says “drop all traffic from IP addresses that are items on an address list named ‘86.57.120.156’”. No such address list exists. If you wanted to have a firewall that directly refers to the IP address rather than using an address list: