Invalid CefExecuteProcess return code of 0

The following errors:

Cef interface process check returned value 0
!!! Invalid CefExecuteProcess return code of 0
Invalid CefExecuteProcess return code of 0
Error (source -1): 'Invalid CefExecuteProcess return code of 0'
Interop 'InitializeSync()' result: 0

May be seen when:

1) CEF, cefSharp.Common or cefSharp.Winforms - or some other CEF-based product in the same project

2) The runtimes folder, or some required files from this folder are not present