This is based on Anselmian satisfactionism, which is not based on an understanding of redemption as a solely juridical state - something external to us - and not something that actually transforms our being. It is quite alien to Orthodoxy.
And yet other Orthodox theologians have argued that indeed God's wrath is satisfied by Christ's sacrifice and death, but that the key difference in Orthodox thinking is that we believe that His sacrifice was satisfactory because His perfection absorbs all unrighteousness, not because He is punished in our place, as if God must inflict a certain amount of punishment for unrighteousness.
After thinking and praying about this "different" idea within Orthodoxy, I'm starting to believe that this whole dichotomy of East vs. West on this matter is completely false and constructed in the last century by St. Vladimir's theologians. The more I hear the different explanations of how this is supposed to "work", the more I see gnats being strained.
Holy Scripture gives us multiple images of Hell, i.e. being "cast into outer darkness", "thrown into the burning trash heap (Gehenna)", "tossed into the lake of fire and sulfur",or "punished with everlasting destruction from
the presence of the Lord and from
the glory of His power" (2 Thessalonians 1:9), which is the verse most commonly used now by Orthodox to support the notion that God's glory itself destroys us or deifies us.
In the same way, I think that the Christian witness describes the mystery of our redemption in multiple ways, using multiple images to try and get to the deeper meaning. I think that the Orthodox and non-Christians often present a caricature of God's appeased wrath, as if God were some bloodthirsty animal that needs and good mouthful of carnage to be satisfied for sins which are a juridical offense. I have met very few people who hold to some of the caricatured views presented on here which are meant to represent the Catholic and Protestant positions. There is a grain of truth to some of the criticism and Orthodox alternatives are sometimes helpful in filling out the picture in a more balanced way, but often the pendulum swings too far onto the alleged Orthodox side where some try to present God as devoid of wrath and justice, which is obscene and blasphemous.