How to fix Unreal Engine 4 Api-ms-win-downlevel-kernel32-l2-1-0.dll not found

Unreal Editor does not start because Api-ms-win-downlevel-kernel32-l2-1-0.dll not found?

Solution is simple:

• Open Explorer.
• Go to c:WindowsSystem32CompatTel
• Locate the DLL and copy it to c:WindowsSystem32