When I tried to start PR this week, it startet giving me this error before the launcher can start.
I reinstalled the C++ pack which is linked in the error, but nothing helped.
To get you up to date in general,
Download the Visual C++ Redistributable 2012 Update 3 x64
Install it.
Go to Control Panel\Programs\Programs and Features
Find the Visual C++ Redistributable 2012 Update 3 x64 in the list.
Click the "Change" button.
Then click the Repair button.