Ok, I’ve figured down, but the issue is really annoying and Unreal Engine on git hub does not warn about the issue.
- Open VS Installer and hit Modify
- Go to the Individual Components on the left top
- and search for MSVC v143 - VS 2022 C++ x64/x86 build tools (v14.38-17.8) and install this build tool
NOTE: For some reason I’ve got latest version of the build tool and it did not work
