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What Russia's Meta listing meant for business

Summary
A look back at the 11 October 2022 decision to place the owner of Facebook and Instagram on Russia's list of terrorists and extremists.
What did it mean when Russia added Meta Platforms to its list of "terrorists and extremists" on 11 October 2022? The listing covered the parent company of Instagram and Facebook. As reported at the time, the stated grounds were that the company tolerated Russophobia and allowed calls to violence against Russians.
The step came as the war continued on the battlefield. Days earlier, on 5 October 2022, Ukrainian troops had recaptured the strategic village of Dudchany on the west bank of the Dnieper, after Russian forces withdrew. It was part of the Ukrainian southern counteroffensive.
The two events were separate, and the reports do not link them. Together they show how the conflict was being pursued on more than one front: territory in the south, and the status of a major global technology company in the Russian market.
For international readers, the Meta listing is best read as a measure aimed at a foreign company, justified by Russia on the basis of content the company allowed on its platforms. Beyond the stated reasons, the reports from that day give no detail on any commercial consequences.