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Flash Download failed for NUCLEO-F429ZI board

Trying to run the program for NUCLEO-F429ZI STM evaluation board, I get "No Algorithm found" error:

The project is created in STM32 CubeMX, code is generated in MDK format, as described here: Using Keil MDK with STM32CubeIDE 

My working environment: Windows 11, mVision v5.39.0.0 Community Edition, NUCLEO-F429ZI evaluation board.

The same board can be successfully programmed using STM32CubeIDE:

MDK debugger settings:

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