Correct, the output of the current block isn't voltage, it is modulation. It has already been compensated for the DC bus voltage.
In PMSM/BLDC motors the current controllers will determine the appropriate voltage in order to establish the required current in the motor and to overcome the back emf.
Assuming you are at 200 A and have 1 Ohm of resistance, you need 200 V to establish that current. Leaving you no voltage to overcome the back emf of the motor. In that situation your motor will stall since it can't continue to produce the required torque at your speed.
In PMSM/BLDC the general rule is that current produces torque and voltage produces speed.