Country & is not defined for purchasing organization

What causes this issue?

Purchasing organization &V2& is assigned to company code &V3&. Country
&V1& from company code &V3& is not defined.

System Response

Error message

How to fix this error?

Check the assignment of company code -> purchasing organization.
Check the specification of country &V1& for company code &V3&.
Create country &V1&, if necessary.

Error message extract from SAP system. Copyright SAP SE.