High-resolution spectra of the LBV candidate Schulte 12 in the Cyg OB2 association were obtained at the 6-meter BTA telescope with the NES echelle spectrograph on the arbitrary dates in 2001-2022. Variability of the emission profile of Hα and absorptions of He I, Si II with time was found. Based on the radial velocity measurements at 10 observation dates, radial velocity variability with an amplitude of ∆Vr≈8 km/s relative to the average value of the heliocentric velocity Vr=−15.6 ± 2.6 km/s was revealed. This indicates the presence of a companion in the system. Based on the reliable intensity measurements of a sample of DIBs, color excess E(B-V)=1.74±0.03 m was determined. This results in the interstellar extinction value Av≈ 5.6 m that is only about half of the total extinction. Taking current Schulte 12 parameters, including Gaia EDR3 parallax, we estimated its absolute magnitude as Mv≈ −9.2 m and luminosity log(L/L ⊙ ) ≈ 5.5, which does not exceed the Humphreys-Davidson limit.