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Cute Russian comic. The home of the official English version is here if anyone wants to skip ahead (or support them): https://boosty.to/gabiconomics-en
Simply put, racketeering is collecting consistent profit from others through unsavoury means. While it can be as simple as coercing businesses to pay up with threats of violence, racketeers often skirts the "gray" areas of the law, sometimes falling within its lines on a technicality - when utilising fraudulent or abusive extortion schemes. State racketeering is when it's done by government authorities, usually under the guise of legal measures — such as fines, taxes, or licensing procedures.
