Never mind, please ignore me. Here is what happened - I had some non cloud saves before and in settings by default location is set to non cloud saves. Therefore I thought that location is set right, because something was processing. After I cleared all my old saves nothing was processing, because that folder was obviously empty.

After changing it to the folder containing copy of cloud save I was able to run it.

Hi, thanks for posting how you resolved that issue!

Let me know if I can improve the readme or the Steam workshop to help others avoid that problem in the first place.