Need clarification on applying for UK Visitor Visa from a Red list country

The GOV.UK visitor visa advice for applicants from Red list country states that:

If you’re applying for a visitor visa
Your application decision may be delayed if you’re applying from a red list country where travel to the UK is suspended. You’ll receive your visit visa when suspension of travel is lifted if your application is successful.

I am little confused by this. Does this mean my application would be evaluated when the travel restrictions are over OR I can apply now and a decision would be made i.e. visa granted/refusal but I would not know about the outcome until travel restrictions are over.

Please clarify this to me.